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Two-Tier/Two-Part Pension Stew?

Byuclafaculty


The latest in discussion of two-tier pension plans for the state – not specifically UC – is two-tier/two-part. That is, there would be a degraded pension for new hires which would be a mix of defined-benefit and partly defined contribution, cooked into a single plan through some formula. See the report:

http://calpensions.com/2010/07/31/pension-reform-brown-picks-up-where-he-left-off/

Relevant quote by an official of a group pushing pension issues:
Fritz said she has been talking to a labor representative about a “hybrid” plan. Salary up to a certain level, for example $50,000 a year, could be covered by a pension. Then any part of a salary above $50,000 would be covered by a 401(k)-style plan.

“I’ve been saying, ‘If you guys don’t get on this, you could lose control,’” she said.

That last sentence could well apply to the UC Regents. If there is no UC pension proposal by the Regents by the time a new governor takes office, UC could be swept into pension changes that are really aimed at CalPERS and CalSTRS.

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UCLA-FA files Unfair Labor Practices charge against UC

Byadmin

LOS ANGELES, CA (June 5, 2024) – On June 3rd, the UCLA Faculty Association (UCLAFA) filed unfair labor practice (ULP) charges against the University of California (UC) to vindicate faculty rights to protest, organize, and exercise academic freedom. The ULP charges the UC for UCLA’s failure to uphold, and their choice to interfere with, faculty’s legally protected rights during and after the recent UCLA Palestine Solidarity Encampment. This is the fourth organization to file a ULP against the UC in the wake of its actions at UCLA in late April and early May, following charges by UAW, UC-AFT and AFSCME….

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Jerry Brown Looks for an Online Course that Requires No Human Interaction

Byuclafaculty

At the Regents meeting of January 22, 2014, Gov. Brown seems to be searching for an online course that requires no human interaction.  Such a course, he reasons, could have unlimited enrollment because it is completely self-contained.  He gets some pushback from UC Provost Dorr, who thinks courses should have such interaction.  You can hear this excerpt at the link below.  The entire meeting of the Committee on Educational Policy of the Regents was posted yesterday.[youtube http://www.youtube.com/watch?v=3tYFLJvrE3g?feature=player_detailpage]

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Listen to Part of the Regents Afternoon Session of 1-22-2014

Byuclafaculty

As we have noted in numerous prior posts, the Regents refuse to archive their meetings beyond one year.  So we dutifully record the sessions in real time.  Below is a link to part of the afternoon session of Jan. 22.  This segment is mainly the Committee on Educational Policy.  Gov. Brown was in attendance.  We will separately (later) provide links just to certain Brown segments.  But for now, we provide a continuous recording. There was discussion of designating certain areas of UC-Merced as nature reserves, followed by discussion of a new telescope.  The discussion then turned to online ed and…

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Chinese Dissent at UCLA

Byuclafaculty

UCLA has a variety of exchange arrangements with China as the image of the UCLA Confucius Institute on the left suggests.  While these arrangements can be mutually beneficial, the university can also find itself in a difficult position when and if things go wrong.  The NY Times carries a story dated Feb. 9 about a professor from Peking University who was a visiting professor at UCLA.  While here, he made some statements that ultimately led to his discharge at his home university and to quasi-exile in the U.S.: …Peking University allowed Professor Xia to leave China to become a visiting…

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CalPERS Long-Term Care: What Happens Tomorrow?

Byuclafaculty

Although CalPERS doesn’t run the UC retirement plan, at one point CalPERS offered long-term care insurance to UC employees.  It seemed to some folks to be a good idea at the time and they took out policies.  Long-term care policies can be bought from commercial carriers.  The problem is that you have to trust that these carriers will do right by you many years in the future when you may not be in the best condition to assert your rights.  It appeared, however, that having CalPERS – a public entity – providing the policies might be a solution.  Sadly, there…

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Travel Focus Misses the Money Train

Byuclafaculty

You may have seen the article in yesterday’s Daily Bruin about UCLA tightening up its rules on travel reimbursements.  Why the tightening up? …Public records documenting the travel expenses of the university’s top brass, obtained and published by the Center for Investigative Reporting in August, drew national scrutiny last summer for the luxurious travel accommodations of UCLA’s leadership, sometimes in violation of University policy. The accommodations and pricy travel arrangements bloated the university’s travel budget by hundreds of thousands of dollars… Full story at http://dailybruin.com/2014/02/04/months-after-controversy-ucla-clarifies-travel-guidelines/ The problem with the original story is that it focuses on budget dust compared to…