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Indiana State University
	

	

University Faculty Senate

October 12, 2007 Minutes
 
	

Indiana State University
Faculty Senate 2007-08

FEBC

 

     

Meeting Date: October 12, 2007                   Meeting Venue: Room 286, Holmstedt Hall

Meeting Time: 12:00 – 12:45 PM

Members Present: H. Chait, K. Bolinger, K. Gaul, L. Maule (Chair), T. Mulkey, A. Sinha

Absent:  S. Eley, L. Rosenhein, S. Shure

Executive Liaison: J. Hughes                         

Ex-Officio: M. Green

 

   1.

      Minutes from September 28 meeting were approved by acclamation.
   2.

      The following recommendations regarding disability coverage were approved by acclamation:
         1.

            FEBC supports the reduction of eligibility requirements from 20 years to 15 years.
         2.

            FEBC recommends that disability coverage be increased from the current 60% of income to 66.7%; and if this cannot be done with Cigna, that other providers be solicited for better coverage. 
   3.

      Review of charges for FEBC. The charges for the committee were reviewed and discussed. The charges are as follows: 

 

a.       Work with the University committee for Chronic Disease Management for content appropriate to university employees, including stress management.

 

b.      Explore whether or not the promotion increments in base pay should be raised. Consider whether or not faculty are leaving ISU because promotion won’t bring the financial reward that a move to another university would.  Comparison with peer institutions would be appropriate. Suggest dollar values for each increment.  Also make recommendations concerning “floor” levels in light of your recommendations concerning promotion increments.

 

c.       Continue to examine whether it is cost-effective to increase LT Disability payments to 65% (from 60%) of an employee’s base appointment salary and to reduce the eligibility requirement from 20 to 15 years at ISU (carry forward from last year).

 

d.      Compare the quality of health-care programs at ISU with comparable universities and make recommendations for changes, as appropriate.

 

e.       Make recommendations regarding the proportion of compensation increase(s) that should be used to enhance our benefits package (e.g., health care; TIAA-CREF; etc.) and that which should be used for salary increases.

 

f.        Coordinate with HR to review recommendations developed by the Retirement Health Benefits Committee.

 

g.       Nominate faculty to participate in the President’s Benefits Review Committee 2007-08 (when requested) and coordinate with HR to assure FEBC review of any recommendations.

 

The meeting was adjourned at 12:45 PM.

 

 

 

 

 

 

Last modified: September 11, 2008

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