{"id":137,"date":"2020-05-18T01:23:25","date_gmt":"2020-05-18T01:23:25","guid":{"rendered":"https:\/\/www.rasmusen.org\/blog1\/?p=137"},"modified":"2020-05-18T01:23:25","modified_gmt":"2020-05-18T01:23:25","slug":"duke-university-breaks-its-emploment-contracts","status":"publish","type":"post","link":"https:\/\/www.rasmusen.org\/blog1\/duke-university-breaks-its-emploment-contracts\/","title":{"rendered":"Duke University Breaks Its Emploment Contracts?"},"content":{"rendered":"<p><a href=\"https:\/\/legalinsurrection.com\/2020\/05\/duke-university-to-suspend-contributions-to-employee-retirement-funds\/\" rel=\"noopener noreferrer\" target=\"_blank\">&#8220;Duke University to Suspend Contributions to Employee Retirement Funds&#8221; <\/a><br \/>\n  Mike LaChance\t   Thursday, May 14, 2020 .<\/p>\n<p>  The 10% of salary over $285,000 or whatever is a trivial pay cut for a few people. It is deisgned to obscure the big pay cut for everyone, the size of which isn&#8217;t mentioned.   Suppose Duke pays 5% of your salary into your pension account. That means everybody is in effect getting a 5% pay cut&#8212; even the lowliest lecturer and  one-year-cheap-visitor. <\/p>\n<p>   How can this be legal&#8212; especially for those low-paid workers, who mostly are just hired in the past year or two? Their pay is being cut before the ink is dry on their job offers. <\/p>\n<p>   The University can&#8217;t even claim financial exigency. Its endowment is <a href=\"https:\/\/www.dukechronicle.com\/article\/2018\/10\/how-does-the-duke-endowment-stack-up-to-others-at-peer-universities\" rel=\"noopener noreferrer\" target=\"_blank\">$8.5 billion<\/a> .  It has to use that up before it can start breaking contracts, I should think. A private corporation with $8.5 billion in untapped assets can&#8217;t break its contracts just because it has a loss this year. <\/p>\n<p>Lawyers, I see a lucrative class-action suit here. If  you give me 5%, I&#8217;ll figure it out for you. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Duke University to Suspend Contributions to Employee Retirement Funds&#8221; Mike LaChance Thursday, May 14, 2020 . The 10% of salary over $285,000 or whatever is a trivial pay cut for a few people. It is deisgned to obscure the big pay cut for everyone, the size of which isn&#8217;t mentioned. Suppose Duke pays 5% of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-137","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/posts\/137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/comments?post=137"}],"version-history":[{"count":2,"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/posts\/137\/revisions"}],"predecessor-version":[{"id":139,"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/posts\/137\/revisions\/139"}],"wp:attachment":[{"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/media?parent=137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/categories?post=137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rasmusen.org\/blog1\/wp-json\/wp\/v2\/tags?post=137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}