Caption: Board of Trustees Minutes - 1940
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1940] UNIVERSITY OF ILLINOIS 999 President of the University will be submitted at a subsequent meeting of the Board, but in the meantime I wish to make this report of progress. Copies of the reports of the committees on the budget will be sent to the members of the Board for their information. T h e report on the retirement and death benefits system will be sent to the Finance Committee of the Board. This report was received for record. REPORT OF COMMITTEE ON UNIVERSITY RETIREMENT SYSTEM (37) As has just been reported to the Board, at a meeting of the University Council held on June 24 to consider reports and recommendations concerning the biennial budget for 1941-1943, Mr. Lloyd Morey, Chairman of the Special Committee on the University Retirement System, submitted a report with specific recommendations. This Committee was appointed in December, 1937, at the request of the Finance Committee of the Board of Trustees, to study the question of the University's participation in a proposed State employees' annuity fund and has since been studying other fund systems. This report was submitted to the Council because it recommends a change in the retirement and death benefits system effective for the biennium 1941-1943 and will involve an addition of $100,000 a year to the University budget. N o action was taken by the Council pending a canvass of the faculty, since such a system will also require contributions from members of the staff. I am presenting this to the Board as a matter of information only and without any recommendation. T h e report will be officially submitted to the Finance Committee of the Board. This report was received for record. LEAVE OF ABSENCE FOR PROFESSOR T. W . HARRELL (38) A recommendation that Professor T. W . Harrell of the Department of Psychology be given a leave of absence during the academic year 1940-1941 without pay for the purpose of rendering professional services to the W a r Department in the Personnel Testing Section which is being set up in the Adjutant General's Office. Professor Harrell has agreed to return to the service of the University after a year's leave. On motion of Mr. Williamson, this leave was granted as recommended. APPOINTMENT OF ROBERT PHILIPP AS CARNEGIE VISITING PROFESSOR OF ART (39) T h e Dean of the College of Fine and Applied Arts recommends the appointment of Mr. Robert Philipp of New York as the Second Carnegie Visiting Professor of Art for one year, beginning September I, 1940, at a salary of $4,000, payable from the grant of $20,000 made to the University last year (Minutes of February 11, 1939, page 231). On motion of Mr. Jensen, this appointment was made as recommended. TAX ON ATHLETIC ASSOCIATION SEASON TICKET BOOKS (40) T h e Athletic Association has received a ruling from the Deputy Commissioner that it is liable for the payment of the Federal tax on all season tickets of admission to athletic events at the University of Illinois which have been sold since 1933. According to the Business Manager of the Association, no other institution has been collecting or paying a Federal tax on season tickets sold to students. This is a very serious situation as it creates a liability of approximately $30,000 against the Association. Judge Johnson commented on this matter. This report was received for record.
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