This document addresses questions recognized as of great importance in the realm of college and university administration, questions of the governing boards responsibilities, and liabilities with respect to the management of risk within its educational community. Emphasis is placed on insurance and risk management, higher education and risk,…

A senior research officer of Teacher Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF) discusses the issue of different life annuity benefits to men and women concluding that age and sex are two objective and statistically reliable factors used in determining life expectancy and thus the expected duration of…

This article describes the major kinds of insurance that educational administrators need to be familiar with, explains the recent modifications that have been developed to respond to lawsuits and the rising costs of medical care, and recommends ways to achieve the protection of the district and its employees without negative financial…

Effective personal financial planning results in sound decisions in the areas of insurance, accumulating capital, retirement planning, and tax planning. Appropriate financial planning concerns everyone--regardless of his or her stage in life. (MLW)

The National Association of College and University Attorneys surveyed its members for information about compensation and benefits they receive from their employers. The survey was conducted between December 1998 and February 1999 and elicited responses from 285 principal attorneys who were employed full-time by a university or a state government,…

Report of the subcommittee of the American Association of University Professors on the Teachers Insurance and Annuity Association and the College Retirement Equities Fund. (PG)

A discussion of grandparental roles in a contemporary urban Southern setting, the National Caucus on the Black Aged, and a specific proposal to reduce the minimum age-eligibility requirements for Old-Age, Survivors, Disability, and Health Insurance for blacks. (JM)

The author advocates a kind of GI Bill for the aged and aging to help combat occupational, familial, and "psychic and intellectual obsolescence. (Author)

TIAA-CREF, the largest college and university retirement system, reversed its prior policy and announced its intention to seek approval of a "unisex" mortality table for use in annuities. The Supreme Court decision in City of Los Angeles, Department of Water and Power v Manhart and related litigation are discussed. (MLW)

School business officials should realize that achieving the Government Finance Officers Association's Certificate of Excellence in Financial Reporting will not always result in a high rating. Washington, D.C. has received this award for several years while flirting with bankruptcy. This article reviews the workings of financial markets for…

Discusses causes of library disasters and provides several examples of disasters. Emphasis is on the importance of awareness, insurance protection, a written disaster plan, cooperation with the fire marshall and insurance agent in planning, and staff training. Several elements of the written plan are listed. (22 references) (MES)

Describes the New York Schools Insurance Reciprocal (NYSIR), which provides both property and liability coverage for school districts. A reciprocal is wholly owned by those insured. NYSIR insures 55 school district subscribers, providing a service that specifically accommodates school district needs and saves them money. (MLF)

Recent case law suggests that it's unwise for college trustees to assume they are immune from personal liability. A directors' and officers' insurance policy can alleviate the adverse effects of a legal claim against an organization's resources, but its coverage is limited. Trustees must pay careful attention to the legal environment affecting…

We evaluate the allocation of risk between firms and their workers using matched employer-employee panel data. Unlike previous contributions, this paper focuses on idiosyncratic shocks to the firm, which are the correct empirical counterpart of the theoretical notion of diversifiable risk. We allow for both temporary and permanent shocks to output…