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University Begins New Pension Plan
The University has abolished the maximum limit on pensions for the majority of its employees, it was announced yesterday. In line with this new liberal policy, all retiring employees will receive the full amount of their earned pension and their full Social Security benefit.
Provisions of this plan, retroactive to July 1, 1950, affect many of the approximately 2,000 personnel participating in the Harvard pension fund.
Minimums Raised
Minimums, for both long-term at shorter service employees, have been raised in this overall liberalization pensions.
Due to the new provisions the publication of the pension report, "Retirement Income Plan for Employees of Harvard University," has been held up for month, until mid-January, according John W. Teele '27, Director of Personnel.
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