The Tuition Bursary Benefit for 1999/2000 will be raised, retroactive to September 1, 1999, to $100 per credit up to a limit of $3000 per academic year for full- or part-time study at McMaster for eligible spouses and dependents;

At the beginning of the 1999/2000 academic year, there was a surplus of $93,472 in the tuition benefit pool;

For the period of the current Joint Committee remuneration agreement (July 1, 1999 to June 30, 2002), $200,000 will be added to the tuition benefit pool each year;

The Joint Committee will set the amount of the bursary for the following September at its last meeting of the academic year in light of the total available in the pool, including the carry-over and the net addition of $200,000;

The tuition bursary benefit will be discussed during the next round of remuneration negotiations.