Friday, June 24, 2014

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)

On a roll-call vote, the Board voted as follows:

Aye Nay

Stephen F. Adamini

Scott L. Holman

L. Garnet Lewis

Steven M. Mitchell

Richard M. Popp

H. Sook Wilkinson

Gilbert L. Ziegler

Thomas Zurbuchen

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.

Respectfully submitted,

_______________________________

Theresa M. Nease

Secretary of the Board