54



     Z. Recess for Luncheon,

     The Board of Trustees, at 12:35 p.m., recessed for lunch and
the members were joined by Dean Elvis Stahr, Dr. William S. Ward,
Dr. Ralph Pickett, Vego Barnes, of the Department of Economic Se-
curity of the State of Kentucky, Bion Hannah, Director of the Em-
ployment Insurance Commission, State of Kentucky, R.G. Jordon and
Edward Nichols, Regional Representatives of the Social Security
Board, Cleveland, Ohio.


     A-1, Social Security Program for the University Discussed.

     The Board continued its deliberation of the agenda after lunch-
eon, with luncheon guests present.   Dean Stahr, Doctor Ward and
Doctor Pickett participated in the discussion on behalf of the
University and staff.   R. J. Jordon spoke for the representatives
of the Social Security Board in acquainting the Board of Trustees
with the provisions of social security of the Social Security Act.

     A general discussion ensued as to advisability of the staff of
the University abandoning its present change-of-work policy, which
is similar to a Retirement System, and accepting social security with
the Federal Government,

     It developed that the University had requested the Federal Ad-
ministrator of Social Security for an opinion as to whether the
University's present change-of-work policy constituted a "similar
system" to a retirement system,   Mr. Jordon stated that he had been
advised by telephone conversation that an opinion had been written
in the affirmative,

     The Board took the question under consideration and adjourned
without taking any formal action.


     A-2. Aerment

     There being no further business, the Board adjourned at 2:45
p.m., to meet at 10:00 amm. June 1, in the office of the President
of the University,



                                     Frank D. Peterson, Secretary
                                     Board of Trustees and Executive
                                              Committee.