LETTER OF AGREEMENT #15

 

Both parties, in the spirit of shared governance, have defined a short-term financial problem with the expected revenues in the 2005 fiscal year (ending 30 June 2005).  As part of an overall solution to this short-term financial concern, both parties agree to the following modifications in the Collective Bargaining Agreement (CBA) dated 16 August 2003:

 

1.                  The CBA states that when a UDMPU member contributes three percent (3%) of base pay into TIAA-CREF, the University will contribute an additional ten percent (10%) of the member’s base pay.  For the period 1 January 2005 through 30 June 2005, the University’s contribution to TIAA-CREF for those members contributing three percent (3%) of gross pay will be reduced to seven and six-tenths percent (7.6%), resulting in an effective annual rate of matching retirement contribution of eight and eight-tenths percent (8.8%).  Effective 1 July 2005, the University’s contribution will return to the agreed upon ten percent (10%).

 

2.                  When the Institutional Resources Committee (IRC), or any other body, does a program review, academic and administrative programs shall be under the review process established.  Letter of Agreement #13 provides for academic review by the IRC until a shared governance process is in the trial phase of implementation.  This and all future review processes shall also include administrative programmatic review.  The administration agrees to share university-wide financial  and staffing data with UDMPU representatives, who agree to protect confidentiality.  Included in this data is comparative data with other Jesuit institutions.

 

3.                  The CBA dated 16 August 2003 allows for economic re-openers for years four and five of the contract.  Both parties agree that should either party choose to re-open negotiations on this issue, discussions shall include a good faith effort by the administration and the UDMPU to identify additional monies to be distributed to faculty members in recognition of the TIAA-CREF reduction outlined in number 1 above.

 

 

 

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Last Revision:   Friday 10 December,  2004

Reposted:       Wednesday 6 December 2006