usfa@usaskfaculty.ca

The Black Hole of Pension Solvency

In 2010-11, a University wide austerity exercise saw reductions in unit budgets in order to free up $10,000,000 of base budget money to cover off pension solvency costs and reduced investment income. The University had a financial crisis and it needed to be addressed immediately!! Looking over the financial statements since 2010-11, investment income has […]

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Speaking of TransformUS…

Following is a link to an issue of Collectively Speaking that discusses the projected $44.5 million structural deficit in relation to TransformUS. A hard copy of this issue is on its way to you. http://usaskfaculty.ca/wp-content/uploads/2013/12/13-12-20-speaking-of-transformus-final.pdf The USFA will continue to work on a more complete understanding of the financial status of the University and we […]

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Incentive Plan for Retirement

As you are aware, the deadline to withdraw applications for the Incentive Plan for Retirement has passed. This communication is to advise you that the total number of applications is seventy-seven (77). In accordance with the agreement, decisions will be made as to any deferrals by December 31, 2013 and notification will be provided to […]

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Will TransformUS DeformUS?

When the University of Saskatchewan was created in 1907 it was called the People’s University. It was created not merely to educate students in attendance but to extend knowledge to the province as a whole, and to act as a tool in the advancement of society. In 1931, then Premier Anderson reiterated this sentiment when […]

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Reminder: USFA Member Social Tuesday, December 17th

Don’t forget that on Tuesday, December 17th at 4:00, we have a member social planned.  Stop by the Windows Room on the main floor of the University Club for some holiday cheer. It will be a chance to connect with other USFA members from across campus and to speak with Executive members about the TransformUS […]

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Are cuts necessary?

Yesterday the President provided the reports of the TransformUS Task Forces to the campus community. Between now and February there will be opportunities for consultation and to provide feedback on these reports. It’s very important to remember that the process for prioritizing programs was chosen by the Board of Governors and Senior Administrators and, while […]

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Facts Not Fear

The USFA does not accept the projected structural deficit of 44.5 million dollars. Our analyses indicate that any supposed structural deficit is significantly smaller and that the Employer has adopted assumptions that compound any financial problems that may exist. Once again, the strategy of creating a crisis to soften resistance is being employed. We suspect […]

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It’s Winter, no time for cherry picking

The USFA has asked for assurances from Senior Administrators that there will be no involuntary job loss for faculty as the University navigates its way through the current financial “crisis.” To date this assurance has not been given. Senior Administrators and the Board of Governors have projected a $44.5 million operating budget deficit by 2015-16 […]

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December 31 Deadline for Flexible Spending Program

It’s important to regularly check on the balance in your Health Spending and/or Personal Spending Accounts under the Flexible Spending Program and note when available funds “expire.” Unspent funds can only be carried forward for one year and funds you do not spend after two years revert to the employer. You can find account balances […]

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