[Alumni-chat] Any Pension Funds for Staff?

[MaryAnn Willits]

The staff, which includes IA, and the union, are covered by TIAA-CREF. 
TIAA-CREF was just here telling many of us that we need to redo our
investments and take more chances.  

mw
science tech

Alumni Chat List <alumni-chat at w3.antioch.edu> writes:
>Bob,
>
>Thanks for the info you sent (below) on faculty Retirement through  
>TIAA-CREF.
>Do you know whether staff members, such as the IA office staff, are  
>also covered by TIAA-CREF?
>Or, if not, are they covered by any other plan or contract which gives  
>them any retirement
>contributions that they will take away with them?
>
>-- Mike Brower
>
>
>On Mar 31, 2008, at 9:14 PM, Bob Devine wrote:
>
>> The university puts a contractually specified percentage of faculty  
>> salary
>> into TIAA-CREF (Teacher's Insurance Annuity Association/College  
>> Retirement
>> Equity Fund) on a quarterly basis for as long as they're employed by  
>> the
>> College.  Each faculty's TIAA-CREF retirement fund belongs to them.
>>
>> Bob
>>
>> On Mon, Mar 31, 2008 at 7:50 PM, <Cdelairre at aol.com> wrote:
>>
>>> Distribution:
>>>
>>> Does anyone know what the "pension reserve" amount is on the Colleges
>>> balance sheet? I am refering specifically to the amount of money  
>>> that has
>>> been set aside to meet retirement obligations for tenured  faculty.  
>>> If the
>>> tenure agreements include a pension, then there must be a pension  
>>> fund. What
>>> happens to this money (if it exists) under the plan proposed by the  
>>> AUBOT
>>> after 4 years? Is this money worked into their revitalization plan  
>>> for
>>> capital improvements instead of pensions to tenured faculty? Has it  
>>> already
>>> been spent? or, Has it ever been funded? How deep does this rabbit  
>>> hole
>>> actually go? Lastly, How is this fund worked into the sale of  
>>> assets? Is AC3
>>> purchasing assets of the University? or Is AC3 purchasing a going  
>>> concern,
>>> which includes all balance sheet assets/liabilities?
>>>
>>> Cross De Lairre
>>>
>>>
>>>
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