Friday, October 5,1984
Page 2
Daily Nebraskan
Plan calls for early NU retirement
By Brad Gilford
Dally Nebraskan Staff Writer
A full-benefit, early retirement
plan for NU faculty would save
the state money by decreasing
the number of higher-paid, te
nured members, according to a
UNL personnel services spokes
man. LB426 would allow NU to start
such a program. Guy Ames, a
lobbyist told the Nebraska State
Legislature's Retirement Systems
Committee that after a first-year
cost increase, an early retirement
system would be less expensive
than the current one.
An NU program would allow
faculty members to retire before
65 with full benefits, Ames said.
Costs would rise the first year if
teachers under 65 retired. As
more young people were hired at
about half the salary of the former
teachers, payroll savings would
more than offset the pension in
crease. Preliminary concepts have been
developed, Ames said, but more
research on the characteristics
of this year's faculty Is needed.
Eric Will, legislative aid to absent
committee member Vard John
son, said Johnson wants a gen
eral bill passed rather than one
that outlines a specific program.
He would also like to have the
money appropriated before de
signing the system to avoid wast
ing research.
"There isn't any reason why the
Legislature shouldn't enact legis
lation of this type," Will said.
Will backed his statement with
a historical explanation.
As post-secondary enrollment
increased in the 1960s, more fa
culty positions opened and were
filled. Enrollment today is lower,
but faculty numbers are still high,
and a majority are tenured.
The program would not force
early retirement. It would give
the university greater flexibility,
Will said.
Teachers in an area of declin
ing demand could move on to
another school or pursuit with
out penalty, which would free
funds for increased faculty in
high demand areas, he said.
Teachers suffering from "burn
out" could also retire early with
out having their pensions docked,
opening the door for fresh, young
replacements, Will said.
Employees contribute to retirement
By Dorothy Pritchard
Daily Nebraskan Staff Writer
UNL is one of 3,500 colleges in
the country that uses the Teachers
Insurance Annuity Association
and College Retirement Equities
Fund for its faculty-retirement
plan.
TIAA-CREF is a non-profit or
ganization in which employees
contribute 6 percent of their
salary and the university contri
butes 7 percent, according to
Gregory Clayton, manager of In
sured Benefits and Retirement at
UNL.
"The total contribution plus in
terest over the years buys an
annuity, which provides an in
come for the retired employee,"
Clayton said.
Most NU employees retire at
age 65, the set retirement age.
But early retirement is at age 55,
with 1 0 years of service, and man
datory retirement comes at age
70.
Retired faculty are allowed to
stay on the university's health
care group plan, which includes
dental and medical care, but they
must pay the full costs. The uni
versity does not make any con
tribution. Individual counseling is offered
through the department of In
sured Benefits and Retirement.
Here, the employee can get help
dealing with financial issues as
well as issues like what to do with
the extra leisure time they'll have.
"The employee goes from work
ing a full eight-hour day to having
a lot of spare time, so it's impor
tant to have hobbies," Clayton
said.
In addition to this individual
counseling, a TIAA-CREF repre
sentative speaks twice a year to
present and retiring employees
on financial issues.
According to "The Chronicle of
Higher Education," a recent sur
vey shows that "only 28 percent
of all colleges and universities
provide pre-retirement counsel
ing for their employees."
A student bites a teacher.
The school psychologist goes berserk
The substitute teacher is a certified lunatic.
And students graduate who can't read or write.
It's Monday morning at JFK High.
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4J11 II
National and international news
from the Reuter News Report
Emergency finance act
staves off .budget doom
WASHINGTON Congress voted emergency financing Thurs
day night to end a U.S. government financial crisis that earlier
Thursday produced layoffs of some 500,000 non-essential fed
eral workers. By a voice vote, the Senate completed congres
sional action on a measure to provide temporary government
financing for paychecks and programs until Friday night. The
bill was sent to President Reagan for approval.
The short extension was necessary to give Congress more
time to complete work on a $500-billion financing bill to fund
most federal services for the current financial year, which
began Oct. 1.
President Reagan earlier blamed the funding emergency on
Democrats. But the opposition party leaders quickly pointed
out it was the Reublican-controlled Senate which delayed
action until Thursday night on the temporary financing bill.
Hundreds of thousands of government workers, who got
most of Thursday off, will return to work Friday. The White
House Office of management and Budget ordered the non
essential workers home earlier with instructions not to return
until further notice. Another 2.5 million workers remained on
the job. It was the first time since 1981 the government had to
briefly shut down non-essential operations because of a budget
crisis.
Congress is trying to adjourn by Friday night. The emergency
spending plan was one of the last major issues to be decided
before Congress ends its current two-year session and goes
home to campaign for the Nov. 6 elections. One-third of the
1 00-member Senate and all of the 435 members of the House of
Representatives are standing for election.
Congress reviews FBI security
WASHINGTON A congressional committee said Thursday
it will follow up the first arrest of an FBI agent on spy charges
with an inquiry into the agency's internal security procedures.
Washin gton officials were shocked Wednesday by the announce
ment Richard Miller, a 20-year veteran of the Federal Bureau of
Investigation, had been arrested on charges of passing classi
fied documents to a female Soviet KGB operative.
Committee officials said they will question avowed FBI pol
icy against use of lie-detector tests as a precondition for
employment, as well as other bureau guidelines on processing
agents for security clearance. The Central Intelligence Agency
and the super-secret National Security Agency routinely require
a polygraph test before hiring an employee.
The FBI charged Miller handed over secret documents in a
plot involving a Russian couple who immigrated to the United
States in 1973 and allegedly were covert KGB agents. The FBI
said Miller sought $50,000 in gold and $15,000 in cash for the
documents, and that he was believed to have had a sexual
relationship with the 34-year-old Svetlana Ogorodnikov.
Vietnam willing to free, prisoners
GENEVA Vietnam has agreed to permit detainees held in
re-education camps to leave for the United States if the U.S. is
willing to take all of them, Vietnamese Assistant Foreign Minis
ter Le Mai said Thursday. The minister did not say how many
people were involved, but the Reagan administration has said
there are about 10,000 people being held as political prisoners.
Hanoi has repeatedly said there are no political prisoners in
the country.
In Washington, a State Department official said the Vietnam
statement did not appear to be a new position, although he
said Washington had received no report yet from U.S. officials
in Geneva on whether progress was made at Thursday's meet
ing. The official said Vietnam's public statement did not
respond to the U.S. effort to work out some procedure to
assure America would accept only re-education camp prison
ers and not other kinds of prisoners.
"We are quite prepared to accept all of them (re-education
camp prisoners)," said the official, vho did not want to be
named. But he added, "Basically we have said to them repeat
edly we have to work out a procedure to identify the people
involved."
Picasso and Dali works snatched
MARVELLA, Spain Art thieves made off with almost 200
works by Pablo Picasso and Salvador Dali valued at nearly
$600,000 from a yacht here, police said Thursday. They said the
paintings and etchings, many of them small, were stolen Mon
day from the yacht Latina docked in port. The works of art
were under guard awaiting removal for a private showing.
Pupils protest party provisions
NORMAL, III. - Police Thursday queUed a riot by about 1,000
coxlege students who went on a rampage to protest city laws
designed to curb beer busts. Four people were arrested near
the IJmois State University campus after a telephone booth
was destroyed, street signs were torn down and rocks and
bottles were hurled at police.
The disturbance began as a protest march on City Hall Wed
nesday night and ended early Thursday after police tossed tear
gas into the crowd.
Police said the protest apparently was sparked by tjvo new
town ordinances. One requires parties with more than 300
people to be fenced in and equipped with one bathroom for
every 75 attendees. The second prohibits the sale or transpor-
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