MINUTES OF THE MEETING
of the
BOARD OF TRUSTEES
December 17, 1964
On December 11 Vice President May received information that
Mr. Ormond Hunt had given Oakland University two shares of
Class A stock in GM Shares, Inc. In order that this stock
may be converted to General Motors common stock, it is necessary
for the Trustees to authorize Mr. May to sign a stock paper.
On motion by Mr. Harlan, seconded by Mr. Pingel, it was
voted to approve this item.
Recommendation from the Retirement Committee that the following
changes in computation of pensions for employees covered by
the University's retirement plan be approved:
For faculty and staff retired before December 31, 1964:
A blanket 10% increase in the basic pension (Plan I), but
not to exceed $3,000. The only exception to the $3,000 maximum
will be for those employees who might have qualified for
social security if their employment had continued after
July 1, 1956.
For employees who retire after December 31, 1964:
A blanket 10% increase in the computation of the basic
pension plan (Plan I), but not to exceed $3,000, except
that this adjustment shall not apply to the computation
of pensions for faculty and staff who participate in the
TIAA program.
On motion by Mr. Merriman, seconded by Mr. Stevens, it
was voted to approve this item.
Grant of $132,500 from the Mott Foundation of Flint to be
used under the direction of Chancellor Varner in support of
programs related to the community school philosophy, basic
economics, and general community-university efforts designed
to attack community problems through education.
The President introduced a discussion of the new master's
degree programs to be instituted at Oakland University effective
in the fall of 1965 and recommended that the Trustees approve
in principle the institution of these programs with the details
to be worked out by himself and Chancellor Varner and to be
reported to the Trustees at a later date.
On motion by Mr. Huff, seconded by Mr. Pingel, it was
voted to approve these two items.
Personnel action:
Reclassify a Typist-Dictaphone Operator III to a Senior Clerk
IV position in the Division of Science and Engineering
Reclassify an Assistant Librarian AP-III to an Assistant Librarian
for Technical Services AP-VIII position
Establish a Project Engineer AP-V position in the Physical
Plant
Gifts and grants:
Grant of $100 from the Relm Foundation of Ann Arbor to be
used under the direction of Chancellor Varner as a contribution
to provide the honorarium for Dr. Eric von Kuehnelt-Leddihn
who has been invited to speak at the University.
Grant of $1,100 from the Michigan Employment Security Commission
of Detroit to be used under the direction of Chancellor Varner
to support the "Study for Area Redevelopment Administration
Follow-up Study."
On motion by Mr. Nisbet, seconded by Mr. Bagwell, it
was voted to approve all Oakland University items. (p.181)