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William and Mary to retire late-career raises?

The College of William and Mary in Virginia is reconsidering a policy that provides automatic pay raises to faculty who are near retirement, the Richmond Times-Dispatch reports.

A draft proposal would phase out large raises for end-of-career professors by the end of 2015, according to the article. School officials told the newspaper the issue is one of fairness, not recessionary spending.

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By Daniel de Vise  |  February 2, 2010; 11:42 AM ET
Categories:  Finance , Labor , Publics  | Tags: College of William and Mary, Faculty, salaries  
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