Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 463]

EXTRACTED TEXT FROM PAGE:

1971]

U N I V E R S I T Y OF I L L I N O I S

453

Monthly Premiums The premium for the State of Illinois Plan is included for comparison.

University of Illinois Plan Continental Assurance Company High Option Employee or Annuitant (if ineligible for state plan) $18 00 b One Dependent 24 00Two or More Dependents 39 80" Sponsored Dependent (each) 22 00* Employee Dental Insurance (No eligible dependents) 2 50 Retired Employees (Retired prior to 1-01-66) With Medicare A and B 9 00 b Without Medicare 18 00 b

h

Low Option $10 00 1100 20 50 14 00

State of Illinois Plan Northeastern Life Insurance Company Low Low High Option Option Option I II Not Not State Paid* Available Available 28 98" 15 52 13 24 52 18* 29 50 26 04 25 0 0 ' 15 00 15 00 5 00 No Insurance Available

» Includes Dental Insurance for Employee and Dependents Excludes Dental Insurance

The Continental Assurance Company has agreed to continue the current contract and succeeding contracts on their Experience Rating Plan under the terms approved by the Board, June 17, 1968. The University will not incur any liability for additional premium if the claim payments exceed the premium paid. T h e Vice President and Comptroller recommends the continuation of the contract with the Continental Assurance Company, with the adjustment in premium for the 1972 policy year. I concur. O n m o t i o n of M r . F o r s y t h , t h i s 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 . SALARY INCREASES FOR 1 9 7 1 - 7 2 (23) Assuming approval of Senate Bill 1299 by the Governor, an additional appropriation of $2.1 million will become available for salary increases during 1971-72. These funds would be provided through the transfer of this sum from Section 6 (Equipment) in Senate Bill 717 to Section 1 (Personal Services). T h e transferred amount, together with salary-increase funds previously allotted and unassigned institutional funds, will permit salary increases averaging five per cent for continuing employees from December 1, 1971, through June 30, 1972. The guidelines thus far announced by the federal pay board indicate that such an average increase would be within the allowable maximum for Phase I I of the federal wage-control program. T h e University Budget Committee has recommended that the President be authorized to allot the newly appropriated funds and other available funds (appropriated, institutional, and restricted) to the chancellors and to general University officers in amounts sufficient to provide salary increases averaging approximately five per cent of the total payroll base for eligible employees. (Generally speaking, newly appointed staff members are not eligible for salary increases, and salary items for vacant positions are not usually increased.) T h e Committee recommends further that the increases to be recommended by administrative officers conform to the following general policy guidelines (subject to the regulations issued by the federal P a y Board and the Cost of Living Council) : 1. That for individuals to whom prior commitments for salary increases had been made, but not implemented because of the initial federal wage "freeze," the promised increase become effective as of November IS, 1971. 2. T h a t the funds available be allotted so that the total amounts for academic staff, nonacademic staff, and student employees, respectively, be five per cent of the payroll base for eligible employees in each group. Transfers of salaryincrease funds among these groups would not be allowed. 3. T h a t staff members paid from institutional or restricted funds receive increases in accordance with the policies and guidelines that prevail for staff members paid from state appropriations.