Contract Proposal, Article 31
Annuity/Pension Benefits
In this proposal, the committee asks the university to:
Expand the retirement savings benefit to all part-time faculty who have taught at the university for at least one academic year.
Allow faculty to take penalty-free distributions beginning at 59 ½ years of age, while they’re still employees of the University.
Increase the university’s contribution from 10% to 15%.