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The Retirees' Newsletter
The Faculty and Librarian Retirees' Association, University of Windsor, Windsor, Canada
Vol. VII , No. 5, December, 1997
TREASURER BRIEFS OCTOBER MEETING ON OUR FINANCES
The Treasurer, Bill Phillips, reported data for the year, as of the start of the two October
meetings:
Opening balance Oct.1996 $974.80
Total Income
From dues: $1361.62
Expenses: (See Explanatory Notes Below):
To Bursary Fund $250.00
5 Newsletters $1266.47
2 Meetings $75.33
Get-well cards $50.00
Total Expenses: $1641.80
Closing Balance Oct.1997 $694.62
Each category was then elaborated as follows:
Regarding income, annual dues are the Association's sole income. Receipts are issued to members for all dues payments. To save on postage, these are included with Newsletters.
Regarding expenses: Bursary Fund: When the Fund was set up 3 years ago, it was agreed that, when any member died, $50. would be given to the Fund to honour his or her memory.
Newsletter costs include the entire cost of producing and distributing The Newsletters, including all supplies, all costs of photocopying, collating and stapling, plus postage costs. No labour or computer costs, of course.
Meeting expenses: the charge for coffee supplied by the University at our meetings.
Cards: a $50 fund is set aside to send cards to members as occasion warrants. It is under the direction of one member, Aranka Kovacs.
The Treasurer reminded the meeting that any member may, upon request, see any or all the
records of the Association.
PREPARATIONS FOR
THE CURRENT CONTRACT between the University and the Faculty Association expires June 30th, '98. Bargaining for a new agreement will begin early in the new year.
For some years, retiree input into the bargaining process has been through retiree representation on the Faculty Association's Pension and Benefits Committee. (See page 9 below for more complete detail on this). That Committee has already reported.
This fall a further step to gather input from retirees was added, when the new President of the Retirees' Association, Kumar Chatterjee, sent a questionnaire to all Association members, inviting them to list matters of concern to them and to forward these to Association Secretary Datta Pillay.
Recommendations based on the responses were prepared. These were reviewed and discussed at the Executive Committee's meeting on Dec. 5th, which voted to forward them to the Faculty Association's Contract Committee.
At the same meeting, the Executive agreed to consider for possible further action, any possible down-side to our having two parallel channels for retiree input at negotiation time.
OUR BURSARY FUND HAS ZOOMED PAST $33,000.00
Cormac Smith, Chairman of the Association's Bursary Fund, told the October meeting that our Bursary Fund now exceeds $33,000. He strongly urged the Association to begin payment of bursaries to students in need, at the earliest possible time.
THE OCTOBER MEETING approved a motion from the former Executive Committee that the Association set up a Pension Monitoring Committee. The Committee is only starting to get under way.
In keeping with the motion, the Association's President will appoint the Chairperson of the Committee, and may appoint any member to it, although any Association member who wants to, can join it.
The Pension Monitoring Committee can set its own terms of reference, subject to review by the Association. Moreover, the Committee must report on its activities at each of the two yearly full-membership meetings.
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