skip to main content ISU bar University Faculty Senate Approved December 3,2008 October 29, 2008 Minutes Indiana State University Faculty Senate 2008-09 FEBC #4 Present: M.A. Badar, K. Bolinger, J. Conant, T. Mulkey Absent: E. Bermúdez, H. Chait, L. Maule, H. Minniear, S. Shure Speaking Seats: C. Barton, M. Green, D. Worley Guests: 1. Call to Order: K. Bolinger called the meeting to order at 1:05 PM. 2. Agenda: No official business was conducted due to lack of quorum. 3. Minutes: Minutes were not approved due to lack of quorum. 4. Old/Unfinished/Ongoing Business a. The meeting began by discussing the data presented in the last meeting of the FEBC about spousal benefits. The FEBC crafted a recommendation which will be acted upon during our next meeting. The recommendation is to increase staff spousal benefits to 15 credit hours per year at half tuition, with no limitation on how many hours could be taken in any given term as long as the total annual hours did not exceed 15 credit hours reimbursed at half tuition. b. C. Barton reported on the current retirement plan which included post retirement health benefits after 20 years and at a minimum age of 60 at current employee costs, continued payment on life insurance policy, and a lump sum payment of 70% of base calculated on the last year of full time employment. This amount increased with each year past 20 to a maximum of 75% at 25 years of service. We discussed briefly the idea of phased retirement which will be discussed further at the next meeting. c. C. Barton also reported on the FEBC third charge. Her update included a report that health care costs to the university are up 22% over this time last year, which could be due to increased coverage. 5. Upcoming Business a. Next meeting will take place Wednesday, November 12, 2008, in the College of Education, room 714 at 1:00 PM. 6. Adjournment – 1:55 PM Respectfully submitted, Eliezer Bermúdez Secretary Last modified: March 05, 2009 Copyright © 2007 by Indiana State University.