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Reply to "USC slashing benefits for NMF"
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[quote=Anonymous]How is the university funding this settlement beyond insurance proceeds? Over how many years? Due to careful stewardship, we will be able to fund the settlement over the next two fiscal years through a combination of litigation reserves, insurance, deferred capital spending, the potential sale of non-essential assets and careful management of expenses. [b]It will not affect our planned restoration of merit increases and full retirement benefits to our faculty and staff nor will it have any effect on our robust financial aid program.[/b] No philanthropic gifts, endowment funds or tuition revenue will be redirected from their intended purposes. https://change.usc.edu/tyndall-issues/california-state-court-global-settlement/faq-regarding-george-tyndall-global-settlement-in-state-court/ Apparently they changed their minds.[/quote]
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