|Dear Members of the Fordham Family,
We are pleased to announce that the Executive Committee of the Board of Trustees (acting on behalf of the full Board) today voted overwhelmingly to resume the University’s matching contribution to the 403(b) retirement plans of benefits-eligible faculty, administrators, and staff, as of April 9, 2021. The University had promised to revisit the suspension of its matching contribution as soon as our financial picture was clearer: with the March census—a triannual count of the students enrolled in our various programs—completed, the Board has acted on that promise.
We are able to resume the contribution some three months early (the temporary suspension was originally scheduled to lift on June 30), thanks to the dedication and hard work of the faculty, staff, and administrators in delivering a superb Fordham education to our students over the past year. Though the pandemic is not over yet, and the University is still feeling its effects, we believe that this step was a necessary one for our faculty and staff. Their efforts in keeping our students engaged and enrolled made the difference between a challenging year and an impossible one. We and the Board of Trustees are deeply grateful for their efforts, and for the wise counsel and cooperation of the Faculty Senate leadership in helping the University through this most trying of years.
The Board of Trustees joins us in acknowledging that this has been a difficult year for many faculty, students, and staff, personally and professionally. Many of you have lost friends and loved ones, missed connections and opportunities, and worked harder than ever before in often trying conditions. We fully recognize and appreciate your dedication to Fordham’s mission, and to one another. As individuals and a community you have risen to the challenge magnificently—something we hope you will remember and be proud of in better times to come.
Joseph M. McShane, S.J.
Robert D. Daleo