Another Funding Cut

[BCClone]

If she's talking about a pension, that means she selected IPERS and not the Tiaa-credit contribution plan option. ISU retirees do get access to the ISU medical plans at the negotiated rates. BUT they have to pay the full premium based on Medicare eligibility. FWIW.

If you get down to the nut and bolts, the only way a University has administrative costs that low is by not having those positions aka "expenses" which depending on the area you can clearly tell ISU is lacking compared to the other regent institutions.

Or a reclassification. I worked for a business that had horrible dividend payments. It was 85% owned by one guy. He wanted a salary so he could have the CEO title (he was very comfortable and money was not an issue). So he showed up a day a week for a partial day, took a nap on his couch, asked crazy questions and went home happy. He was quite elderly. The other owners saw huge value appreciation so they didn't mind.

Basic of this story is, how things are coded can make a huge difference.