Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 682]

EXTRACTED TEXT FROM PAGE:

I94i]

UNIVERSITY OF ILLINOIS

679

permanently disabled or otherwise physically unfit for further service, and these benefits are still available to all individuals 1 not subject to the provisions of the new law. Disability benefits are provided in the new law but only for disability occurring on or after March I, 1942. Consequently, there is a period of six months (September 1, 1941, to March 1, 1942) during which employees who come under the new law are not covered. The University Retirement Committee recommends that the Board of Trustees extend the disability coverage under the former system of retiring allowances and death benefits to March 1, 1942, for all members of the staff and other employees who come under the Retirement System of Illinois. I concur and recommend that the resolution of the Board of August 5 be amended by the addition of the following: "provided, however, that the disability benefits thereof shall continue in force for all members of the staff who come under any subsequent system of retiring allowances and death benefits until March I, 1942." A M E N D M E N T OF RESOLUTION OF BOARD OF AUGUST 5, 1941 B E IT RESOLVED, by the Board of Trustees of the University of Illinois, that the Statute of the Board of Trustees providing for Retiring Allowances and Death Benefits enacted December 13, 1924, as amended to July 1, 1941, be repealed as of September I, 1941, except as to persons who have retired, and who will retire, under its provisions, on that date, and as to such other persons now on the staff of the University whose situation for any reason may turn out to be such that it would be in their best interest, as well as in the interest of the University, to let them remain until and after retirement subject to the provisions of the Resolution of December 13, 1924, as amended, provided, however, that the disability benefits thereof shall continue in force for all members of the staff who come under any subsequent system of retiring allowances and death benefits until March 1, 1942.

On motion of Mr. Davis, this resolution was adopted.

W R I G H T ESTATE (28) On November io, 1941, there will be a hearing on certain claims in this estate. Among these are two of very substantial size: one filed by Paul T. Wright for $11,958.38, and one by him as conservator of Harriette A. Wright in the sum of $88,586.04. Similarly, a suit was begun about nine months ago to establish the validity of the so-called mutual will of the Wrights, pursuant to which substantial gifts were made to the University for the benefit of certain groups of prospective students at the University and for scientific agricultural purposes. I am reporting this to the Board because of its importance. If these claims are allowed, they will cut materially into the value of the gift to the University; and if the suit fails, the gift will be wholly lost. Senator Wright was very anxious that the University undertake the administration of these benefactions. The matter is in the hands of the Attorney General. I have no information on the status of the suit, except that it does not seem to have been brought to trial.

On motion of Mr. Jensen, this matter was referred to a special committee to be appointed by the President of the Board. President Cleary appointed the following committee: Mr. Livingston, Mr. Davis, Mr. Adams.

CHICAGO ILLINI U N I O N BUILDING BUDGET FOR 1 9 4 1 - 1 9 4 2 (29) A recommendation that the following detailed budget for the operation of the Chicago Illini Union Building during the academic and fiscal years of 1941-1942 be approved. This is a budget of estimated income and expenditures with no previous experience as a basis for a number of these items of expense. T o finance this project, the Board of Trustees agreed (May 28, 1940, Minutes, page 949), to appropriate funds "to meet the difference between income and expense for operation and maintenance . . . . the maximum amount of which is estimated at $9,816 a year." It is now estimated that an excess of expense over income will amount to $10,725. 'These are employees and staff members under age 30 who do not automatically come under the new 9ystem, but may elect to do so, and temporary employees.