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The Retirees's Association ( Faculty, Librarian, Administrator), University of Windsor, Windsor, Ont. Canada
Vol X I, No. 2, June 2001
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Association News |
Minutes of the Spring General Meeting held on March 15th, 2001 at 2.30 p.m. in Hoffman Auditorium, IONA College.
1. Minutes of the Fall General meeting of October 24th, 2000 - On the motion of Kumar Chatterjee, seconded by Don Briggs it was resolved that the minutes of the Fall General Meeting of October 24th, 2000, be approved as distributed. Carried.
2. Message from Professor Dan Britten - Professor Britten brought greetings from WUFA President Romsa and welcomed the opportunity to speak to the Retirees Association.
His remarks centered on two issues- Summary of Pension Plan and GST rebate on Pension Managers' fees. Professor Britten referred to a document - Summary of Pension Plan - prepared by Britten and Ben Meyer, which has been circulated to WUFA Council and WURA Executive and is now on the WUFA WEB site. He invited comments and suggestions and any feedback they can get to finalize the document.
The second issue dealt with the GST paid by the University on the Pension Fund Managers' fees. The University filed for rebate and received $ 240,000. The question was how to use this money. Two legal opinions were sought. One said that the money cannot be put back into pension fund, while the second lawyer said that it was OK. The university is still trying to resolve the issue in consultation with WUFA. The faculty share of the rebate is $ 140,000.
Stan Cunningham observed that the Pension Fund Managers were not doing well. WUFA should monitor them tightly and also lodge a protest with the University about its unhappiness.
3. Remarks of Jim Skinner - Mr Skinner sent his regrets as he was unavailable.
4. Business arising from the minutes - Add Ted Hirota's name to the members present at the October 24th meeting.
5. Announcements - a) Annual Retirees' Dinner will be held at St.Clair College on Friday, April 6, 2001 at 6.00 pm b) The University - Faculty Association Dinner Dance for 2001 Retirees will be held on Tuesday, April 10th, 2001 in the Freed Orman Conference Center, Assumption University.
6. Report of the Treasurer
Professor Phyllis Nolan presented the Interim Report
Interim Report - October 1, 2000 to March 15, 2001
Opening Balance (Oct.3, 2000) $1,514.44
Membership Fees(2000-2001) $ 3,169.49
$ 4,683.81
Expenditures
Printing Printing $ 409.62
Postage Stamps $ 326.81
Annual Meeting $ 264.81
Executive Meetings $ 84.20
Miscellaneous Expenses $ 88.54
Bursary Fund $ 100.00
Sub-Total $ 1,265.78
Balance on hand $ 3,418.13
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* Memberships:
2001-2002 7 @ $ 20.00 $ 140.00
Past Dues/Donations $ 20.00
U.S. Exchange $ 9.47
Paid up members 167 out of 193 members = 86.5% for 2000=2001
Phyllis Nolan Treasurer
March 15, 2001
On the motion of Phyllis Nolan seconded by John Meyer, the Treasurer's report was approved as presented.
7. President's Report - Stan Cunningham
A copy of the President's report was circulated with the agenda material. Stan alluded to three areas of interest to WURA to members. (1) Continued work on the D7 Committee (2) The formulation and presentation of proposals, to the Contract Committee, for inclusion in the 2001-2004 Contract.(3) Refinements and improvements to Retirees' Health Care Benefits Plan.
Once we have approval from WUFA, copies of D7 report will be circulated to members. He said that the Faculty Association and the University are now willing to listen and acknowledge our position and arguments on some issues of concern to us. He said that some representatives from the WURA Executive will meet with WUFA Negotiating team in mid July to emphasize our claims and expectations.
8. Progress Reports of Committees: A) Pension & Benefits
(i) Contract Committee - Alan Metcalfe expressed his appreciation to Stan Cunningham, Datta Pillay and Phyllis Nolan for their work on behalf of the Retirees Association. He stated that he is very impressed with the WUFA Contract Committee for their understanding, support and willingness to help retirees. He pointed out four major items in the proposal that will benefit retirees.
(1) Article D16 - all improvements to pension plan
from1.25 to 1.6 % apply to current and future members of pension plan
(2) Increase in the factor from 1.45% to 1.6 % to help the MG pensioners
(3) Agreement that $ 1.5 million held in escrow to be used for helping retirees' benefits
(4) Under Article F 3. Of the Contract Proposal that 50% of
Health Plan costs for retirees be paid by the university
Stan thanked Al Metcalfe for his excellent work as a WURA representative on the Contract Committee.