Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 144]

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1923]

UNIVERSITY OF ILLINOIS

141

Retiring Allowances A member of the staff who i a member of the Association shall retire at age s sixty-five unless, on his request and on the recommendation of the President of the University, the Board of Trustees shall permit him to continue in active service. Such extension of the period of active service shall be for one year only, but may be renewed at the end of any extension. Retirement at age sixty-five shall in general mean retirement on thefirstday of the September following the sixty-fifth birthday. On retirement, the retiring allowance paid by the University shall be 25 percent of the average salary of the lastfiveyears with one percent of this average salary additional for each year of service at the University of Illinois, with a maximum allowance of one half the above average salary. In case of a leave of absence or a disability within the lastfiveyears of active service, the salary which would have been received if service had been continuous shall be used in calculating the average salary at retirement. A member of the staff about to retire may choose instead of his retiring allowance a joint survivorship annuity for himself and wife of equivalent value. Members of the Mutual Benefit Association who become permanently disabled may be retired by the Board of Trustees of the University after the year of disability benefits, with a retiring allowance under either of the following conditions: (a) If he has attained the age of 60. (b) If he has been in the service of the University 25 years or more. In such cases the amount of the retiring allowance shall befixedby the Board of Trustees of the University and shall be based in general on the allowance expected at age 65 with a reduction of 5 percent for each year the disabled member lacks of being 65 years of age. M r . Trimble m o v e d that the details of this plan of cooperation be adopted. M r . Blair m o v e d as a substitute that the proposed plan of cooperation be printed and sent to the m e m b e r s of the Board and that action be deferred until the April meeting, and the substitute motion prevailed. MATTERS PRESENTED BY PRESIDENT KINLEY T h e Board considered the following matters presented b y the President of the University. REAPPROPRIATION FOR MEDICAL LABORATORY (1) A statement that I had been informed that our Medical Library and Research Laboratory Building under construction in Chicago would befinishedby October 1, and on that assurance had stated to the Governor that no reappropriation would be necessary. Later information i to the effect that the building will not be finished s possibly before December. Therefore I request instructions on the matter. O n motion of M r . Blair, the President of the University w a s instructed to ask the General Assembly to reappropriate this balance.

REPORT OF THE COMMISSION ON THE DEPARTMENT OF DAIRY HUSBANDRY

(2) The report of the Commission on Dairy Husbandry. — ™ ~ February i, 1923 To the Board of Trustees: R E P O R T O F T H E COMMISSION A P P O I N T E D TO S T U D Y T H E CONDITION OF T H E D E P A R T M E N T O F D A I R Y H U S B A N D R Y , W I T H SPECIAL REFERE N C E TO ITS N E E D S I N STOCK A N D BUILDINGS. Prefatory Note From time to time during the past four years criticisms and complaints have been made of the inadequacy of our dairy herd and of the physical equipment of the Dairy