Approved as presented. The way it is handled seems to depend on the department. ISU works with a decentralized budget. U of Ia works with a centralized budget. Richard Saunders presents a Benefits Program.
Some people go back to work, or are hired as consultants.
There is no large pool available to replace funds. UNI has a decentralized budget. Ability to use depends on the division. TIAA does a lot. We would like the opportunity to provide input in future discussions regarding the renewal of the plan.