uCalgary should have reported president's pension earlier, says Alberta auditor-general

September 21, 2009

Alberta's auditor-general has ordered the University of Calgary to report on president Harvey Weingarten's pension benefits retroactively after the figures were left off the books for 6 years, starting in 2002. Weingarten will begin collecting a $4.75-million pension when he steps down in January. The auditor-general says the pension should have been reported in all those years. The school's board of governors says it was an unfortunate mistake the figures were not included in financial statements. The amount of the pension has outraged campus faculty and staff unions, who wonder where uCalgary is going to find the money at a time when 200 positions are poised to be cut in order to reduce a projected $14.3-million shortfall. Calgary Herald