uWindsor warned of $70-million faculty pension shortfall

November 25, 2010

While the University of Windsor says it can balance its budgets through 2012, the institution's number crunchers are forecasting a $70-million shortfall in faculty pension funds, which could see a return to deficits. uWindsor's chief planning officer calls faculty pensions "a significant issue" that could see the costs increasing from 6.5% of operating budgets to upwards of 10% by 2013. President Alan Wildeman predicts pensions will be an issue when administration sits down for contract talks with the faculty association. Wildeman says management may have to consider such measures as proposing different pension plans for newly hired employees and that any changes to the plan will be a bargaining issue. Windsor Star