EnrollIllent to begin for new retireIllent prograIll Letters and brochures have gooe out to some 4,000 employees who will soon become eligible for the University's new retirement plan. About 1,500 clerical - technical and hourly employees will be required to participate in the plan, which becomes effective Jan. 1, 1973. Special enrollment clinics will begin at the end of October. More information on the clinics will be in next week's issue of the News - Bulletin. Introduction of the new retirement system will mean that all full - time employees can be covered under the TIAA - CREF (Teachers Insurance and Annuity Association - College Retirement Equities Fund) Retirement Annuity Program. Participation will be required for those who are between ages 35 and 55 on Jan. 1, 1973, and have at least three years' continuous full - time service. For persons under 35 or over 55 and who have three years' service, participation in TIAA - CREF is offered but not required as of next Jan. 1. Persons over 55 on Jan. 1 may remain subject to the old University retirement plan (which will have an improved formula for figuring pensions). \\WId ever be possible by staying under the current pension system." Contribution levels in TIAA - CREF will begin at 3 percent from each employee and 6 percent from the University. Gary J. Posner, director of employee compensation and benefits, says that the net effect of the new program is that each employee will be guaranteed a minimum pension. And in most cases, he adds, "employees will build up a substantially larger retirement pension through TIAA - CREF than Posner reminds employees that they .will need to furnish an application and proof of bilth (such as birth certificate, baptismal certificate, passport, military discharge paper, or other documents listed in the application form) when they enroll in the program. (Articles detailing the new retirement program appeared in the News ·- Bulletin ;issuesof1ast .June 29, july 13 and July 27.) 1 ~72 VOL. 4~,--i!R,~ry OcrOBER 19, 1972 The fifties recalled for HOIllecoIlling "Flashback Fifties: The Cool, Real Gone, Hip, Hang Loose, No Sweat, Spastic Years" is the theme of this weekend's Homecoming festivities, which will feature everything from a rock - around - the - clock sock hop to the traditional boniue and concert. The fifties at Michigan State, when: *"The girls," with short hair, bobby sox, mid - calf skirts and fur - trimmed polo coats, gazed on in doe - eyed admiration at '-'the boys," nattily attired in white bucks, charcoal ivies, and letter sweaters. *Tradition dictated that girls could not attain full coedship until they had been soundly kissed under Beaumont Tower at the stroke of midnight. * A record enrollment of 16,243 crowded complicated enough with requirements for flu shots. registration, *Even students who were pinned were wary of sitting on the bench reserved rigidly for engaged Spartans. *More the annual J-hops, orientation dances were than 3,000 attended (continued on page 6) Photo Lab:,A mont!lg~ of services Photos by Bob Brown and Bill Mitcham The University's Photo Lab provides a variety of services - from making research slides and taking passport photos to overseeing the newly streamlined process of making student and staff identification cards. A story is on page 6. The faculty election: A profound decision Following is a statement on the faculty collective bargaining issue prepared this week by President Wharton. Members of the Michigan State University faculty will vote Monday and Tuesday in an election which may well have a greater impact on their day-t