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Caption: Board of Trustees Minutes - 1926
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128 board of trustees [December 13, RETIRING A L L O W A N C E S A N D DEATH BENEFITS Mr. Trimble presented the following report and recommendations on the matter of death benefits and retiring allowances. Whereas, It is believed by the Board of Trustees of the University of Illinois, that the stability and permanency of its faculty and educational, administrative, and mechanical staff is an essential factor in the success of the University; and that such stability and permanency cannot be acquired and maintained to its full extent unless reasonable provision is made for death benefits and retiring allowances for certain members of said faculty and staff, thus to induce them to remain with the University for long periods of time, and thereby develop their best work and zeal for its welfare; Therefore, It is Resolved by the Board of Trustees of the University of Illinois, that from and after September i, 1925, the compensation of all members of said faculty and staff and other employees of the University (except as hereinafter stated) shall be increased, and they shall be thereafter employed on contracts which shall provide, among other things, that compensation for their services shall be paid to them by the University as follows, to-wit: 1. Such part thereof in cash as the Board shall from time to timefixand determine, to be paid to them for such time only as they shall satisfactorily perform the services of their respective employments. 2. A part thereof in the value of death benefits to be provided or secured by the Board of Trustees for them, or their respective heirs, legal representatives, assigns, or designated beneficiaries, based on the cash portion of compensation agreed to be paid to them, respectively, for the academic year during which death shall occur, in the following amounts and under the following conditions, to-wit: Death duringfirstyear of service, nothing. Death during second year of service, 1 0 % of cash portion of compensation. Death during third year of service, 1 5 % of cash portion of compensation. Death during fourth year of service, 2 0 % of cash portion of compensation. Death duringfifthyear of service, 2 5 % of cash portion of compensation. Death during sixth year of service, 3 0 % of cash portion of compensation. Death during seventh year of service, 3 5 % of cash portion of compensation. Death during eighth year of service, 4 0 % of cash portion of compensation. Death during ninth year of service, 4 5 % of cash portion of compensation. Death during tenth or any succeeding year of service, 5 0 % of cash portion of compensation. Except and provided, however, that no death benefit shall be in excess of $3,000. Death benefits shall not be paid in following cases: (a) If member commits suicide. (b) If in the judgment of a majority of the members of the Board of Trustees, a member's death is caused or substantially contributed to by his use of intoxicating liquor, or by his violation of any law, the punishment for which is death or imprisonment. And the decision of said Board of Trustees shall be conclusive in this behalf. (c) If a member has ceased active service for the University, except in case he has retired on a retiring allowance from the University. (d) N o member of the faculty or staff or employees shall be entitled to receive death benefits from the University, unless he has been in the continuous employ of the University for at least ten months. Members of the faculty employed in successive academic years shall be held to be in continuous employment even tho their cash compensation is paid in or for less than 12 months of any academic year. (e) Cash compensation paid for summer session teaching or for any other extra services not covered by the regular annual salary for the academic year will not be included in the computation of death or disability benefits. 3. As to all members of the faculty, and educational, administrative, and mechanical staff who have been in the service of the University of Illinois forfifteenor more years, to,who paid in Board of Trustees, in the active the compensation for their services shallretirement as the employment of, andpart of service for the University at following forthemshall be in value of retiring allowances to be amounts or secured the or paidandconditions,thethehereinafter provided, a following provided and under for, the time be by to-wit:
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