NORTHERN MICHIGAN UNIVERSITY
BOARD OF TRUSTEES
Minutes of the Special Session
A special session of the Board of Trustees of Northern Michigan University was held on Tuesday, June 24, 2014, in the Board of Trustees Meeting Rooms, 602 Cohodas Hall, at Northern Michigan University, Marquette, Michigan. The session was convened at 3:05 p.m. by Chair Richard M. Popp.
Trustees participating via telephone included:
Richard M. Popp, Chair L. Garnet Lewis Gilbert L. Ziegler
Stephen F. Adamini Steven M. Mitchell Thomas H. Zurbuchen
Scott L. Holman H. Sook Wilkinson David S. Haynes (ex officio)
Senior staff and counsel present included:
Kurt McCamman, Legal Counsel
Martha B. Haynes, Vice President for Advancement
Paul L. Lang, Provost and Vice President for Academic Affairs
R. Gavin Leach, Vice President for Finance and Administration and Treasurer of the Board
Theresa Nease, Executive Assistant to the President and Secretary of the Board
REVISION TO THE FACULTY EARLY RETIREMENT INCENTIVE PLAN (ERIP)
President Haynes and Vice President Leach updated the Board on the Faculty Early Retirement Incentive Plan (ERIP). There was a better applicant response rate than anticipated which resulted in a need to increase the amount of funding recently approved by the Board.
It was moved by Trustee Wilkinson and seconded by Trustee Holman to increase the cap for the Faculty Early Retirement Incentive Plan to $3.5 million. (Addendum #1)
Stephen F. Adamini
Scott L. Holman
L. Garnet Lewis
Steven M. Mitchell
Richard M. Popp
H. Sook Wilkinson
Gilbert L. Ziegler
President Haynes thanked Vice Presidents Leach and Lang and the leadership of the AAUP and NMU-FA for their hard work to bring this plan together.
Chair Popp adjourned the meeting at 3:13 p.m.
Theresa M. Nease
Secretary of the Board