Association of Retired Faculty
UPCOMING EVENTS, RECENT POSTINGS
MEETING TO DISCUSS MID-YEAR CHANGES IN MUS RETIREE HEALTH INSURANCE -- This ARF sponsored meeting to discuss the planned mid-year reduction in health insurance benefits and premium increase will be held on Tuesday, December 1 at noon in room 108 of the Plant Bioscience Building. This meeting will review the proposed changes included in a letter from the University System that all MUS retirees with insurance should have received. (Note-- those on the Medicare Advantage Plan will not see any mid-year changes, but the expectation is that similar changes will likely occur on July 1, 2016). Speakers will include Dr. Doug Young, the retiree representative on the InterUnit Benefits Committee, discussing how the committee came to this recommendation; Dr. Ken Hapner, discussing options available in the commercial insurance marketplace; and Dianne Dolan, local SHIP counselor, who will explain how best to evaluate the various commercial options available. All retirees are welcome to attend this important meeting.
Brown Bag Luncheon Series-- This series of informal noon hour luncheons and speakers is planned for the second or third Tuesday or Wednesday of the month during the academic year.
Lawsuit on the Guaranteed Annual Benefit Adjustment (GABA) for TRS Retirees Settled on August 21, 2015. This means that eligible Tier One members of TRS (hired prior to July 1, 2013) will continue to receive a 1.50% GABA on January 1 of each year. Eligible Tier Two members of TRS (hired on or after July 1, 2013) will receive a variable GABA ranging from a minimum of 0.50% to a maximum of 1.50% on January 1 of each year depending on the funded status of the plan. The TRS web site includes a page with more information on the lawsuit and its implications.
Items of Interest
"How Retirement Benefits Will Change in 2016" is a November 2015 article in US News & World Report that explains some changes in potential retirement accounts and social security benefits for those making plans for retirement.
"Nearly Half of Senior Tenured Faculty Want to Delay Retirement" , an article published in October, 2015 in Inside Higher Ed discusses a recent study by the TIAA CREF Institute on this topic and provides a link to the original study.
"Orphaned at Age 67: An Organization for Retired Faculty at MSU-Bozeman" An article by Robert Swenson detailing the rationale for the founding of MSU ARF -- from Montana Professor, 2005
"The Impending Retirement Crisis" -- A journal article in the Spring 2014 issue of "Montana Professor" by Jerome Coffey, Emeritus Professor, MSU-Bozeman, discusses many facets of the problems Montana universities face in dealing with recent changes in retirement issues.
The Chronicle of Higher Education published three comment pieces in November, 2014 about how and when university faculty should best retire. "The Forever Professors" implies that senior faculty should retire earlier rather than later; "Ageism in Academe" responds that senior professors are more productive in their later years and should continue in their appointments; "Dignity in Retirement is Not Too Much to Ask" suggests that there are retirement arrangements that benefit both the retiring faculty and their university, mostly by the availability of opportunities for retired faculty to continue to work.
The purpose of the Association of Retired Faculty of Montana State University - Bozeman is to foster the benefit, interests and well being of retired faculty and spouses through social, educational, and promotional activities, as well as to encourage continuing retiree contact and involvement with the University. In so doing, helping to enrich the personal and professional lives of persons in the University and the greater community.
Officers of the Association of Retired Faculty assume the roles of communicator, advocate, liaison and ombudsman regarding retirement policies and practices in cooperation with other divisions of the University.
Membership is open to retired MSU faculty and spouses, as well as retired faculty from other universities who have a relationship with MSU.
The Association of Retired Faculty at Montana State University was founded in 2004 by a group of retired faculty who wished to retain ties to the University and continue to contribute to University programs in a variety of ways. The constitution of the Association was approved by the membership in October of 2004.
Goals include improving retirement benefits, and promotion of numerous avenues for retirees to remain socially active, productive and up to date on health and economic issues.
The Association of Retired Faculty helps provide all faculty with important news about retirement income, and health insurance.
Minds are stimulated by offering a variety of informative talks by experts on the many and varied aspects of our community, the state, and the nation.
Opportunities are provided to meet with others for local activities and by hosting an annual dinner.
Article by Robert Swenson Detailing Rationale for the Founding of MSU ARF --from Montana Professor, 2005