Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 412]

EXTRACTED TEXT FROM PAGE:

1981]

UNIVERSITY OF ILLINOIS

401

academic staff, excluding graduate assistants, whose appointments are 25 percent or more of full-time service. The University Senates Conference concurs in the recommendation and the University Planning Council has recommended approval. Present tuition and fee waiver policy for academic staff members 1 (which includes faculty and academic professional staff), approved by the board in the past, provides as follows: a. Staff with up to 24 percent of full-time appointments receive no tuition or fee waivers. b. Staff with 25 to 67 percent of full-time appointments for at least three-fourths of the term receive a waiver of tuition and service fees. c. Staff with 68 percent of full-time appointments receive a waiver of the service fee. d. Academic professional staff with full-time appointments receive tuition waivers in accordance with campus guidelines when taking course work related to their responsibilities to the University. T h e proposed modification is intended to provide a single tuition and service fee. waiver policy for all academic staff members with more than a 25-percent appointment comparable to that presently in effect for staff members with 25 to 67 percent appointments and full-time academic professional staff members. I recommend approval.

On motion of Mr. Forsyth, this recommendation was approved.

Establishment of M e d i c a l Research Support Fund a n d the Deposit of C a d w e l l Bequest into the Fund, Medical Center (10) The chancellor at the Medical Center campus has recommended that a quasiendowment fund, to be known as the "Medical Research Support Fund," be established for the support of medical research. Contributions received from various donors in support of the purpose outlined will be deposited into the fund. T h e income from the fund will be used for medical research projects recommended by the campus research board at the Medical Center and approved by the chancellor. O n April 4, 1981, the University accepted a $10,000 bequest from the Charles Nickerson Cadwell estate. The bequest is for the "uses and purposes of medical research." The chancellor has recommended that the bequest be transferred to the Medical Research Support Fund. T h e executive vice president and the vice president for academic affairs concur. I recommend approval. O n m o t i o n of M r . F o r s y t h , this r e c o m m e n d a t i o n w a s a p p r o v e d . University Policies w i t h Regard to State Legislation Concerning Early Retirement (11) New state legislation has just become effective which provides for earlier retirement without the normal reduction in annuities for those who retire before age sixty. Specifically, the legislation (Public Act 82-0435) provides that those who retire between age fifty-five and sixty with less than thirty-five years of service in the State Universities Retirement System may now do so without the normal reduction of 14 of 1 percent of the initial annuity for each month that the retirement age is under sixty. The new program would require a one-time employer contribution of 20 percent and a one-time employee contribution of 7 percent of the last full-time annual salary rate for each year that the retirement age is under sixty, viz.: 20 percent and

1 Nonacademic employees may receive tuition and fee waivers under prescribed conditions for up to 10 credit hours of work-related courses for full-time employees, and for not necessarily work-related courses, from three to six credit hours depending on percentage of appointment.