Reply to What would you do with extra money?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
As a MD resident I find this kind of shocking. Why should the university provide that kind of benefit to any employee with 5 years of service? It's meant to reward employees, and in the case of retirees long term employees (and usually retirees are using it to take a class here and there, not send their kids to college). That seems out of the norm for universities. What other costly benefits is the university system providing to people who have only been there 5 years and are able to retire? Given the budget and tuition pressures someone needs to look into this.[/quote]

How is it "shocking?"  It's a good benefit, from an employer that does not pay that well.  DH struggles to hire staff because they have strict limitations on how much they can pay.  DH is not faculty, and his program actually makes hundreds of thousands of dollars in [b]profit FOR[/b] the University, and he's paid less than people in the private sector.[/quote]

Because they are giving the benefit to people who AREN'T staying. It's one thing to give it to current employees but another to give it to people who only stayed for 5 years. You can start to build up a pretty big obligation that way.[/quote]

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