In Speaking Out on April 2, Dr. Peter Knutson of the accounting faculty challenged one of the answers in a Q&A by Human Resources on March 26. HR Vice President Clint Richardson has sent the following response.
Another matter, of which employees may not be aware, is that the University is in the process of funding its post-retirement medical liabilities. This means the money to pay future medical benefits is being put aside in a trust fund over a 20-year period. Therefore, University employees have the assurance of knowing that the University (unlike most for-profit enterprises) will have the money to pay those benefits when they come due.
Faculty and staff with questions or needing additional information regarding retiree medical benefits or other benefits questions, should contact the Benefits Office of Human Resources at 898-7282 or e-mail firstname.lastname@example.org.
Volume 42 Number 28
April 16, 1996
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