Gerald Munt - University of Winnipeg
Gerald Munt - University of Winnipeg
Gerald Munt - University of Winnipeg
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Impact <strong>of</strong> Market Decline<br />
Reduce Endowments<br />
Scholarships and Bursaries<br />
Reduce Pension Assets (means increased<br />
operating costs<br />
Delay retirements<br />
Especially for faculty/staff who are in money<br />
purchase plans or who planned to supplement<br />
their pensions with private savings