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Minutes of the Benefits Committee meeting

January 20, 1999



Present: Paula Ebbitt, Elaine Fadden, Greg Finnegan, Malcolm Hamilton, Beth Holmes, Amy Kautzman, Emily Moss (notes), Laurie Taylor-Teran, Ann Whiteside (chair)

Business:

The first meeting of the new year took place in Widener 88 at 9:15AM.

Malcolm Hamilton made a presentation on the Personal Financial Education Group (PFE), and a discussion followed, on its appropriateness as a training vehicle for Harvard librarians.

Malcolm's overview of PFE's presentation to a Harvard HR group ranged from the 'slick' presentation to the 'surprising' message that salary and age divisions are not important in attention paid by people to their finances. PFE informs, as in the power of compound interest, and addresses fears, such as a future absence of Social Security. The group cost to Harvard for such a presentation to librarians would be $1800 a day, in which there could be two, possibly three presentations. PFE could also do three hours for $900. Malcolm mentioned that there is money in the Tanenbaum Fund for hiring PFE, and since Harvard's part of our retirement plan is more than a third, financial education is important.

 


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