YU Raises Faculty Pension Matching Contributions, Upholds Salary Freeze - Yardena Katz, YU Commentator

In the midst of an ongoing ten-year faculty salary freeze, YU has raised its maximum faculty pension matching contribution from three to four percent. Effective Jan. 1, 2019, the change marks the university’s second one-percent increase since the end of the recession in 2009, when President Richard Joel slashed the contribution level from seven to two percent. YU falls behind industry standards in Manhattan. Pace University, which is ranked 177th, offered a nine percent contribution in 2013; St. John’s University, ranked 152nd, offered 10 percent; Fordham University, ranked 70th, offered five percent to faculty serving for under five years and 11 percent to those serving for five years and above; and New York University, ranked 30th, offered 10 percent. https://yucommentator.org/2018/12/yu-raises-faculty-pension-matching-contributions-upholds-salary-freeze/