President's Report Page 2 RETIREMENT POLICY Board of Trustees November 1988 The many hours spent within the University and the several sessions spent by the Board in considering retirement policy turned out to have been highly productive. The new policies adopted by the Board in May were well received. The increased contributions to TIAA are already in effect. The PPP will seek to identify an adequate retirement program in Egypt for local faculty this year~ the increase in their contributions will go into effect at that time. And faculty and administrators reaching or over 60 are being told individually what levels of bonuses they can expect during the interim five year period established by the Board. UNIVERSITY COUNCIL At the time I wrote...