Plan for UC Employer Contribution to Pensions: 2011-2037
Above is a chart, which I am told is not confidential, showing UCOP’s plan for the employer share of the contributions to go into the pension plans (existing plus lower tier) until 2037. The image may not be clear; the lower line is the plan with STIP borrowing which maxes at 18.5%. The higher line is what would happen without STIP borrowing and it maxes at 20%.
The note on the bottom of the chart reads: “Assumes new tier with 15.% (sic) total normal cost in place by FYB2013, 8% contribution for employees that stay in the current UCRP plan. Assumes a total of $2 billion dollars in STIP borrowing, with debt service incorporated into the total annual cost.”
