From - Fri Apr 05 12:14:45 2002 X-Mozilla-Status: 0001 X-Mozilla-Status2: 00000000 Message-ID: <3CADCD73.254A30EA@urayoan.uprm.edu> Date: Fri, 05 Apr 2002 12:14:44 -0400 From: Tom Noack X-Mailer: Mozilla 4.61 [en] (Win98; U) X-Accept-Language: en,pdf MIME-Version: 1.0 To: profs@ece Subject: Cuidado con el retiro Content-Type: multipart/alternative; boundary="------------E408F70A06CAB13EC77CD510" --------------E408F70A06CAB13EC77CD510 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 8bit This message is prompted by several recent and related items: 1. 1. Report of the PR Senate Education, Science, and Culture Committee, Sept, 19, 2001 - recently distributed to profs, also available in electronic form - page 201. "El deterioro en la situatión económico de los jubilados fue señalado reiteradamente en el transcurso del estudio, recomendándose que se equipare a los docentes universitarios al resto del personal del gobierno de Puerto Rico, para los cuales no existe un límite superior de salarios para el cálculo de las pensiones. Estos deben ser incorporados a las gestiones de una nueva forma de Gerencia de Recursos Humanos. 2. ¨2. San Juan Star - article 1n the business section - possibly Wednesday, April 2, 2001. This discussed the state of the government retirement system - stating that since 2000 the system had been changed to defined contribution, and that the funds formerly alloted to employer contribution have been shifted to paying off the actuarial deficit for existing employees, and that no employer contribution will be made for new employees. 3. 3. Recent circular on purchase of years of retirement - this applies only to employees with 27 or more years service, and quotes amounts in the range of $90K - although not stated in the circular, these calculate out to the amount of the three years retirement later to be received plus the employer and employee contribution for those three years. Also a $275 actuarial study charge is levied for even asking - a lot of money for entering a few numbers in a computer program. 4. 4. The recent tope change, in which the tope was changed to approximate the full professor salary for arts and sciences, but a much larger charge was levied on engineering for participating. Because of these happenings I would recommend looking very carefully at any acts of the legislature, Sindicos, or retirement board. The academic senate, APPU, and the faculty of engineering have neglected to consider faculty interests in this situation and show every indication of continuing to do so. --------------E408F70A06CAB13EC77CD510 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit This message is prompted by several recent and related items:
 
  1. 1.  Report of the PR Senate Education, Science, and Culture Committee, Sept, 19, 2001 - recently distributed to profs, also available in electronic form - page 201.  "El deterioro en la situatión económico de los jubilados fue señalado reiteradamente en el transcurso del estudio, recomendándose que se equipare a los docentes universitarios al resto del personal del gobierno de Puerto Rico, para los cuales no existe un límite superior de salarios para el cálculo de las pensiones.  Estos deben ser incorporados a las gestiones de una nueva forma de Gerencia de Recursos Humanos.
  2. ¨2.  San Juan Star - article 1n the business section - possibly Wednesday, April 2, 2001.  This discussed the state of the government retirement system - stating that since 2000 the system had been changed to defined contribution, and that the funds formerly alloted to employer contribution have been shifted to paying off the actuarial deficit for existing employees, and that no employer contribution will be made for new employees.
  3.  3.  Recent circular on purchase of years of retirement - this applies only to employees with 27 or more years service, and quotes amounts in the range of $90K - although not stated in the circular, these calculate out to the amount of the three years retirement later to be received plus the employer and employee contribution for those three years.  Also a $275 actuarial study charge is levied for even asking - a lot of money for entering a few numbers in a computer program.
  4.  4.  The recent tope change, in which the tope was changed to approximate the full professor salary for arts and sciences, but a much larger charge was levied on engineering for participating.
Because of these happenings I would recommend looking very carefully at any acts of the legislature, Sindicos, or retirement board.  The academic senate, APPU, and the faculty of engineering have neglected to consider faculty interests in this situation and show every indication of continuing to do so. --------------E408F70A06CAB13EC77CD510--