U. of Kentucky Declines to Revoke Administrators' Perk
October 24, 2012

At the University of Kentucky, employee contributions of 5 percent of salary to their retirement funds are matched by a 10 percent institutional contribution. For administrators, however, 15 percent of salary is provided by the university straight to the retirement fund. Faculty members, who have been sparring with the administration over budget cuts, suggested that the university eliminate the special benefit for administrators, but the university has declined, The Lexington Herald-Leader reported. The university did agree not to offer the benefit to any more administrators, but said it would be unfair to take it away from those already receiving the extra contributions to their retirement funds.


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