Recommendations from the

Administration's Retiree Benefits Task Force

Click here to view the Retiree Benefits Task Force homepage

Task Force Members:

Tom Samuel, Chair
Sheila Brothers (Chair, Staff Senate)
Jean Cox
Bruce Miller
Henry Clay Owen
Joey Payne
Jean Pival
Nancy Ray
Karen Stefaniak (Chair, Employee Benefits Committee)
Brad Canon (Senate Council representative)

Background:

New federal accounting standards have caused the University to re-evaluate the health care benefits paid to retirees from the University of Kentucky. There have been several options proposed, each of them putting some type of limit on the dollars the University will pay towards health insurance for retirees. This would have much potential impact on the future out-of-pocket health care expenses retirees from U.K. can expect, and represents a very significant change from the current benefits.

Documents produced by Task Force:

• Executive Summary from Task Force (abbreviated version of final report)
• Final Report from Task Force (full version)
• Appendix A (spreadsheet of costs of 6 different scenarios)
• Appendix B ("Post-retirement medical design study" -- report from consulting firm)
• Appendix C (Excel spreadsheet of after-retirement yearly projections comparing "notional account" vs. "capped health benefits")

Letters of opposition written by faculty and with their permission:

• Letter from Alvin Goldman, William T. Lafferty Professor, College of Law

• Letter from Sean Peffer, Chellgren Endowed Professor of Accounting, Gatton College of Business and Economics

• Letter from Carolyn Bratt, W.L. Matthews Professor of Law, College of Law

Letters of support written by faculty and with their permission:

Click here to see questions from the Faculty with answers from the Task Force

(most recent update was 11/7/03 at 5:30 PM)

NEW SECTION!!

Rationale for non-endorsement of Task Force report and recommendation to Employee Benefits Committee 

What happens next:

The recommendations from the Task Force, along with comments made at open fora and recommendations from the University Senate and Staff Senate will be at the administration's Employee Benefits Committee (membership listed below), which will consider comments from the faculty and staff, then make its recommendations to the Administration.

The Employee Benefits Committee meeting is Tuesday, December 16, at 1:30 in 102 Mining and Minerals Bldg.

Members of the Administration's Employee Benefits Committee:

Karen Stefaniak, ’06, Chair

Kristen Cheser, ‘04, Harry Enoch, ‘04, Kris Hobson, ‘04, A. Lee Meyer, ‘04, Rob Mullens, ‘04, Kim Blair, ‘05, Vernal Kennedy, ‘05, Mae Marie Quan, ‘05,Jack Supplee, ‘05, Jeanie Caldwell, ‘06, Julie Jakway, ‘06,Ron Langley, ‘06, Susan Sponcil, ‘06,Cliff J. Swauger, ‘06,

Ex Officio: Angie Martin, Gregory R. Moore, Joey Payne, T. Lynn Williamson

This page was updated on 12/11/03 by Jeff Dembo for the University of Kentucky University Senate.