[Iefac.list] are your retirement benefits included in your faculty employment contracts

[James Moore]

Colleagues

The University of Southern California is coping with part of a COVID-driven short fall in health care and research revenue by a partial pause in contributions to faculty and staff 401a retirement accounts.  USC's employment contracts are minimalist in my experience.  The contracts issued for IISE's senior personnel, for example, were considerably more detailed.

USC's contracts do not call out the retirement benefits that the institution otherwise promises to pay, and include a paragraph repudiating all commitments that are not explicit within the contract.

I am working to try and persuade the USC Academic Senate to ask for a revised contract that includes an explicit reference to retirement plans.  I will be asked how typical this is.  Outside the academy, I believe it is quite typical.  I am less certain of norms inside the academy.  Does your faculty employment contract call out University contributions to retirement plans?  Please sent me a note and let me know.

Also, happy New Year.

Prof. Jim Moore, USC Viterbi (Engineering), USC Price (Public Policy)
(213) 740-0595 (direct)  |  jmoore at usc.edu<mailto:jmoore at usc.edu>  |  (213) 663-8146 (cell)  |  (213) 221-7683 (home, for the duration)
Chair, Engineering Faculty Council, 2020-21
https://viterbi.usc.edu/directory/faculty/Moore/James
"Summon up your courage and dismiss grim fear. The Gods will bring an end to these hardships, too.
Perhaps one day it will be a happy thing to recall what we once faced together."
                                                       ... Virgil's hero Aeneas of Troy to his companions      -The Aeneid
Information for international USC students: https://ois.usc.edu/spring-2021-semester-planning-for-international-students/

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