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AAUP backs early retirement
Friday, October 28, 1977
By PAULA SOUTHERLAND
Staff Writer
The Executive Committee of the American Association of University Professors (AAUP) yesterday approved a voluntary early retirement proposal that will submit to Chancellor Archie Dyley and the UMass Board of Regents for consideration.
Mandatory retirement age at the University of Pennsylvania has changed to a longer retirement benefit.
T. P. Srinivasan, professor of mathematics, wrote the proposal
THE REGENTS have proposed a plan that would begin early retirement at 62. But Srinivasa's proposal said that beginning retirement at age 62 would be too expensive and that persons retiring before age 65 would lose social security benefits.
Srinivasan's proposal calls for a partial retirement plan for professors who wish to retire between the ages of 62 and 65. They would be given the option of working half time, with a proportional reduction in salary.
Professors on partial retirement would continue to pay premiums into their Teachers Association of America accounts, which provide income after retirement. The state, which pay premiums to teachers, may pay to the fund annually, would continue to make payments for professors on partial retirement until age 70.
Srinivasan said the partial retirement plan would allow professors to retire early.
University Daily Kansan
ACCORDING TO Srinivasan's proposal, if a professor retired at 65, the state also would make payments into his annuity both its share and the professor's share.
AAUP opposed the Regents plan because,
although the state would continue to make payments into a professor's account until he reached age 70, it would make only the 5 percent payments the professor received while he was a student. The professor who retired early would have less in his annuity account than if he had not retired.
According to the AAUP plan, in addition to full annuity premiums, professors retiring at 65 would receive a supplemental interim benefit until age 70 that would be a "reasonable fraction of the benefits expected at age 70."
Professors on partial retirement would receive no such supplemental payment.
Halloween Party
This Saturday Night
Hillcrest Bowl
Midnight to 4:00 a.m.
MOONLIGHT RAZZLE DAZZLE
$50 JACK POT
CASH AWARDS FOR
Strikes Or Split Conversions
Mystery Ball Cash Awards
Prize For Best Costume
Breakfast Available At 2:30 a.m.
Reservations Please
842-1234
9th & Iowa
Aztec Inn
HOME OF THE AZTEC CALENDAR FIESTA TIME!
Every Sunday, Tuesday and Wednesday we'll feature a Special Mexican Dish.
TAMALE IN HUSK DINNER
Includes: Two Chili-Topped Tamales Mexican Rice
Jumbo Beef Taco Chips and Choice of Dip
Groffee
Regular Price: $3.25 Now: $2.95
Also serving Chicken, Shrimp, Steaks, and Hamburgers
11 a.m.-11 p.m. Tuesday-Saturday 11 a.m.-10 p.m. Sunday
807 Vermont Closed Monday 842-9455
Edward and Naomi Roste invite you to stop in soon.
SUA FILMS
NOMINATED FOR 4 ACADEMY AWARDS
Lina Wertmuller's Seven Beauties
BEST ACTOR
BEST DIRECTOR
BEST ORIGINAL SCREENPLAY
BEST FOREIGN LANGUAGE FILM
Staring Giancarlo Giannini,
Fernando Roy
and Shirley Stolar
Friday & Saturday
Woodruff Auditorium, 3:30, 7:00 & 9:30 p.m. '1.25 $ ^{R}$
TREE FROG
in their last Lawronce appoarance this year
Saturday, October 29
'2.50 General Admission - '2.00 7th Spirit members
Nairobi Trio in the balcony
Liquidation Sale
Shell Parkas & Raincoats
Alpine Designs
"Cisco" $31.69
Others to $52.00
Ride-On
Outdoor Sports
4th & Mass 843-8484 Open Times Sat 12-6
14th & Mass. 843-8484 Open Tuos.-Sat. 12-6
FLOWERS AREN'T ALL WE SELL
We do sell flowers—all kinds of them. But we want you to know that we also sell other things, like:
- plants
- dried flowers & silks
- flower pots
- fertilizers
- plant stands
- plant hangers
- dried arrangements
- door pieces
- potting soils
- books on plants & flowers
- gifts
- much, much, more
Come in and visit The Flower Shoppe. You'll discover we're the "department store" for your plant, flower and gift needs!
The Flower Shoppe
1101 Massachusetts
Open 9 to 6 Mon.-Thur.
10 to 4 Sat.
Sell it, too.Call 864-4358
Fashions for FALL
MEHMET
-Educated in Europe
-Two Time European Champion
-Director of Styling for Patricia Stevens
-Colfure consultant for Arlene Dahl "Beauty Spot"
Geometric Designer
Jesse's Beauty Salon
Hillcrest
Shopping Center 842-1978