The Memorandum of Agreement ratified by the Faculty Association of the University of Waterloo and the board of governors this past May and June contained a proposal to introduce a Rand Formula at the University of Waterloo. At present approximately 63% of the faculty at the university are dues-paying members of the faculty association. Whatever costs are incurred by the faculty association in representing the interests of all faculty members are borne only by those who (voluntarily) pay membership dues. Under the Rand Formula, faculty who do not wish to become faculty association members will pay an amount equivalent to membership dues. Faculty members are being asked to vote by Oct. 15 on the issue of the Rand Formula.

Source: OPSEU, Negotiations News, September 8, 1998.