Higher ed advocates focus on retirement benefits
While higher education issues seem hidden behind state gun control and uranium mining discussions at the Capitol so far, professors from VCU and other schools are urging legislators to improve retirement benefits for public university and college employees.
Pushing for more funding for higher education, better faculty retirement options and lower tuition for in-state residents, three groups spearheaded the task of getting their voices heard last week.
Officials from the Faculty Senate of Virginia, the VCU Faculty Senate and the American Association of University Professors met at legislative offices Thursday morning. Their first order of business was to push for educators’ retirement benefits.
House Bill 486, sponsored by Delegate Onzlee Ware, D-Roanoke, aims to create better retirement incentives for public higher education employees.
The bill would allow such workers, who currently have optional retirement plans, to opt in to the Virginia Retirement System. Employees who wish to maintain an optional retirement plan, and were hired after July 2010, would be provided between 8.5 and 8.9 percent “creditable compensation” from the commonwealth. All other employees would be entitled to a rate of 10.4 percent creditable compensation from the state.
Creditable compensation constitutes all the salary and wages paid to a full-time, salaried higher education employee as a result of services performed. It also includes payments for compensatory time, severance pay or employer-provided payment for the purchase of service credit in the VRS.
The purpose of HB 486 is to give state employees in the higher education system the opportunity to purchase service credit in the VRS based on accumulated earnings and experience, even if those workers are covered under an optional retirement program.
“Many employees come in untenured, so they have a choice whether they want to participate in an optional retirement plan or the VRS, since optional retirement plans are portable and can be taken to other systems. But if you get here [Virginia] and you realize how great it is, then you might wish that you had signed in to the VRS,” said Robert Andrews, organizer of the 2013 Higher Education Advocacy Day.
“The bill makes it so down the road, once [employees] get tenured, they can make a one-time swap to buy equivalent amount of work time in the VRS,” said Andrews, a professor in the VCU School of Business and an officer in the VCU Faculty Senate.
“It’s certainly revenue neutral, and it’s really important for state employees to buy in to this established benefit plan.”
In addition to retirement benefits, education lobbyists are also looking to provide financial benefits to educators’ families.
Senate Bill 104, introduced by Democratic Sen. John Edwards of Roanoke, would reduce the tuition rate for children of Virginia higher education employees by 50 percent. Currently, state universities and colleges can decide individually whether to waive tuition for their employees’ children. SB 104 would ensure that all state institutions implement the reduction immediately.
“Growing up with a mother as a college professor, you really gain a perspective into how valuable higher education is,” said junior Alex Wells of George Mason University. “I think that being proactive in the House and Senate really shows that we’re committed to the long-term prosperity of prospective students and faculty in Virginia.”
Participants in Higher Education Advocacy Day also expressed a need for more state funding to make college tuition more affordable for future students. Members are seeking legislative action to filter more than $200 million for state tuition assistance, as well as more than $2 billion in employer-based financing towards the VRS program.
“We’re important in supporting higher education and maintaining credibility against voices on the other side who feel that they don’t have any responsibility to contribute to higher education,” Andrews said.
“If we don’t have competitive institutions that have the financial resources to provide quality faculty members, or opportunities for students to have more feasible access to college, then we inevitably suffer in attracting professional businesses to our state.”
Holman Middle School student Victoria Nguyen recently was named Miss Virginia American Coed Junior Teen after competing in the Miss Virginia American Coed pageant in Williamsburg. She was the youngest competitor in her division. Nguyen now will advance to represent Virginia at the 2015 Miss American Junior Teen Pageant at Walt Disney World in Florida in November. > Read more.
Companion Extraordinaire Home Care and Skilled Services will be honoring veterans and current military members May 14 at 11 a.m. The event will take place at 5311 Lakeside Avenue.
Companion Extraordinaire dedicated a hall in its new Lakeside office as a “Wall of Honor” and will be presenting 13 military service men and women with certificates as well as placing their service photos on the wall.
> Read more.
Public vote open through Friday to select winner
Citizen Staff Reports
Henrico resident Haley Malloy is one of three national finalists for a $10,000 scholarship, whose winner will be determined by the vote of the public.
Malloy is a finalist for The Goddard School Anthony A. Martino Scholarship, which is open annually to any high school junior or senior who graduated from a Goddard School pre-kindergarten or kindergarten program. Applicants are evaluated based upon the work ethic and perseverance they have demonstrated – two key characteristics of Martino, the founder of the Goddard School franchise system. > Read more.
Relax this holiday weekend with Fridays Uncorked at Southern Season – taste wines from the Roman Empire! Or at James River Cellars who is hosting “Experience Virginia” – sample Virginia wine, beer, cider and mead. And what goes better with wine than strawberries – an annual tradition in Varina, the Gallmeyer Farms’ Strawberry Fields Festival is tomorrow. Other fun happenings this weekend include: “A Little Princess” at The Cultural Arts Center at Glen Allen; weekly dance at American Legion Post 125; and National Theatre Live’s “Man and Superman” at the University of Richmond. For all our top picks this weekend, click here! > Read more.
Final performance of 2015 season – ‘Quartet’ – starts this week
CAT Theatre’s final show of its 51st season – Quartet by Ronald Harwood – will open May 22 and run through June 6. It will be the show’s Richmond-area premiere.
The theatre also announced its four-show schedule for its 52nd season, which will begin in October and continue into June 2016, and announced a new partnership with The Bifocals Theatre Project, an outreach program into senior communities in the Richmond region. > Read more.
It’s a beautiful weekend to spend outdoors and Henrico has many options to choose from! The 31st annual Lebanese Food Festival begins today on the grounds of St. Anthony’s Maronite Catholic Church. The MISS Foundation’s Kindness Walk is tomorrow, as well as the Cystic Fibrosis Foundation’s Great Strides Walk. Take a Sunday Stroll at Dorey Park with the Pocahontas Chapter of the Virginia Native Plant Society or raise money for the March of Dimes at the March for Babies in Innsbrook. For all our top picks this weekend, click here! > Read more.
- More News
May. 21, 2015Click here to read the print edition.
- More Entertainment
- More Obituaries
- More Community
- More Opinions
- More Sports
ClassifiedsHighspeed Internet EVERYWHERE By Satellite! Speeds up to 12mbps! (200x faster than dial-up.) Starting at $49.95/mo. CALL NOW & GO FAST! 1-888-685-2016
CalendarInnsbrook After Hours will present Michael McDonald at 6 p.m. Gates open at 5 p.m. Tickets are $15 to $99. All proceeds from the concert series benefit two nonprofit foundations… Full text