Chancellor discusses money-saving options at town hall meeting

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    The Brown-Lupton University Union Auditorium was nearly full with university employees who were concerned about various decisions the university recently made Thursday at a TCU town hall meeting.

    Chancellor Victor Boschini introduced the idea of creating money-saving efforts within the university. He said even though he does not see residential colleges becoming obsolete, improvements need to be made to save money because the university cannot keep increasing tuition every year.

    When asked if faculty and staff benefits could be reduced as a possible solution, Boschini stated there would be no changes. He said the Board of Trustees is looking at benefits because they are $60 million to $80 million of the $512 million budget.

    While the benefits were not reduced, changes in retirement benefits would allow retirees to choose which health care plan they would like to purchase. Boschini said the university implemented the changes so not all 321 people would be on the original plan of monthly life expectancy.

    He said the university is not legally required to book monthly life expectancy under the new policy.

    Concerning questions regarding the university giving full-time and part-time employees equal benefits, Boschini said he and university staff should have done so a long time ago.

    Wrapping up the meeting, Boschini stressed the importance of continued discussion on how the university saves money.

    Boschini encouraged students, faculty and staff to submit new ideas through the university website.