Media Credit: File Photo by Eric Lee
LeBlanc said there is no set timeline to reinstate GW's matching retirement contributions, but officials are discussing the University's financial projections daily.
News
By Zach Schonfeld
Dec 18, 2020 1:17 PM
Officials are reinstating GW’s base retirement contributions for employees and promotion-related salary increases next month as the University’s financial outlook becomes clearer.
University President Thomas LeBlanc, Chief Financial Officer Mark Diaz and Provost Brian Blake said in a joint interview Friday that all eligible faculty and staff will receive an 8 percent base contribution to their retirement accounts in January – double the usual amount to retroactively provide funds for December – before receiving the typical 4 percent base contribution beginning in February. Recently tenured and promoted faculty will also be provided promotion-related salary increases effective Jan. 1, the officials said.