WSU weighs retiree health care
Wayne State University is considering adding retiree health coverage benefits for its faculty and academic staff to be competitive with other research and doctoral institutions. A joint faculty-administration committee has been studying the idea since December, shortly after WSU agreed to a one-year contract extension with the Wayne State University American Association of University Professors/American Federation of Teachers, Local 6075 which represents more than 1,900 faculty and academic staff at WSU. At that time, WSU agreed to establish the committee to look into retiree health benefits. The committee is jointly chaired by the dean of the College of Education, Paula Wood, and Charles Parrish, a political science professor and president of the faculty/academic employees union. In evaluating the plan, WSU is assessing the costs, how it would cover those costs, how it will be required to account for that future liability on its current financial statements and whether its competition is offering those benefits, said Nancy Barrett, provost and senior vice president for academic affairs. "Right now we are one of the few universities in the state that does not offer retiree health benefits of some sort." "We need to be very careful before we take a position one way or another, to understand what the budgetary impact will be \"we\'re consulting experts on this,\" she said.