[UMA-SRE-20000141] Pensions Committee Proposals on Retirement Benefits

Description

IdentifierUMA-SRE-20000141Extent2 vols.)Linear Meterage0.1Scope and ContentAt a meeting of the Pensions Committee on the 18th of April 1966 the committee asked the Superannuation Officer to proceed with the investigation of improving the position of pensioners. At the same meeting, an initial report from an actuary, Mr W. Owen, on the investigation of proposals for a new pension scheme for academics and non-academics, was tabled. In early 1966 Mr W. Owen of G.L Melville and Partners (Consulting Actuaries) was engaged to investigate the University's retirement provisions and to make recommendations to the Pensions Committee regarding possible changes and revisions to the existing superannuation/retirement benefit plan. Several Actuarial Reports were submitted to the University outlining proposed changes to the existing superannuation plan. A draft new Superannuation Plan including provision for retirement benefits was put to the Finance Committee on the 24th of February 1967. The Finance Committee made several amendments to the draft before it went to Council on the 6th of March 1967 where it was approved in principle. In a letter sent to the Director of Finance from the Vice-Principal of the University, R. Marginson, dated the 25th of August 1967 it was stated that after discussion with the chairman of the Australian Universities Commission and after consideration of financing the new scheme, the University had been forced to reconsider the whole proposal and investigate other alternatives. Summary of Contents Extracts of minutes of meetings of the Finance Committee and the Pensions Committee dealing with proposals on retirement benefits; Statistical analyses in the form of tables; Correspondence between the actuaries and the University; Minutes of the Council Seminar on the new Superannuation Scheme debating proposed changes to and financing of the new Superannuation Scheme; Report dated March 1967 prepared on behalf of ten insurance companies and other actuarial reports. Note on Format Vinyl-bound volumes. Bound alongside typed committee extracts are reports both handwritten and typed, correspondence and statistical analyses pasted onto sheets. Some material is not original, but photocopies. Collection CategoryUniversity, officialAccess StatusAccess restrictions applyRequest Access to RecordsRequest records from this Series

Provenance

CreatorPensions Committee (The University of Melbourne)

Dates

Date1965-1969

Description Control

Previous System ID2000.0141Records Services IDUM463Source of DescriptionTabulariumDescriptive NoteNo Finding Aid. Request all boxes

Relationships

Feature CollectionRecords of the University of Melbourne

University of Melbourne Archives

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[UMA-SRE-20000141] Pensions Committee Proposals on Retirement Benefits