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Straight from this morning:

October 14, 2011

$270-million pension shortfall at Dal: Dalhousie University’s pension fund now has a $270-million shortfall, more than double the figure recorded in March 2010. Dal’s VP of finance and administration attributes the shortfall to global economic uncertainty and a drop in interest rates. The Nova Scotia government has deferred the institution’s pension solvency payments until March 2013. However, Dal wants to “get its house in order” before then. The university is asking pension plan members to agree to plan structure changes to make the plan more sustainable. Noting that the plan’s structure “has worked quite well for a long time,” the faculty association president says the “concern is that the administration wants to change the pension plan principally to offload (the) deficit onto the members in the plan.” Chronicle Herald | Add/Read Comments

UPEI discontinues mandatory retirement policy: The University of Prince Edward Island announced Wednesday that it has officially dropped its mandatory retirement policy and ended all court proceedings in relation to the policy. In recent years, 6 university employees who were forced to retire when they turned 65 filed complaints to the PEI Human Rights Commission, which in February 2010 deemed the policy discriminatory. UPEI said Wednesday it would work with complainants on any remaining matters of compensation. CBC | Add/Read Comments

Ottawa appoints expert panel on international education strategy: The federal government announced yesterday the formation of an expert advisory panel to the country’s international education strategy. The panel will advise Ottawa on attracting the best and brightest international students to Canada; strengthening the country’s engagement with emerging priority markets; expanding the delivery of Canadian education services, expertise, and knowledge overseas; and promoting partnerships between Canada and educational institutions worldwide. Among the panel members are UWO president Amit Chakma (who is panel chair), Saint Mary’s University president Colin Dodds, and BCIT president Don Wright. The panel is expected to report to the international trade and finance ministers early next year, with the strategy slated to be released shortly afterwards. International Trade News Release | AUCC News Release | CBIE News Release | Polytechnics Canada News Release | Add/Read Comments


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