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The New Pension & Retiree Health Care Plan to be Considered by the Regents Now on the Web

Byuclafaculty

The post-employment benefits plan (pension and retiree health care) proposed by President Yudof is now on the Regents’ website for consideration at the December 13 special meeting of the Regents. It is what was previously presented at the November meeting. As previous posts have noted, there will be a two-tier pension plan. It is unclear whether incumbent employees will have the option to switch to the new lower tier. An IRS approval would be needed for that option to be offered.

The proposal is at http://www.universityofcalifornia.edu/regents/regmeet/dec10/j1.pdf

I am not expecting a great deal of controversy among the Regents on this proposal:
[youtube http://www.youtube.com/watch?v=Kj9kcoIbY_M&fs=1&hl=en_US]

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UCLA-FA files Unfair Labor Practices charge against UC

Byadmin

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Faculty associations address UCOP

Byhigbie

The UCLA Faculty Association is part of a UC-wide coalition of faculty associations known as CUCFA–the Coalition of UC Faculty Associations. Through CUCFA, UC faculty are able to address the UC Office of the President on issues of importance to faculty, their students, and staff. Below is a round-up of recent communication between CUCFA and UCOP. UC Union Coalition on Health Insurance Costs CUCFA signed on to a joint letter from unions representing employees across the UC system expressing concern with large increases in the cost of health insurance. The unions requested a meeting to “address what appears to be…

Academic Senate Rejects New Pension Tier
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Academic Senate Rejects New Pension Tier

Byhigbie

Representatives of UC faculty on all campuses delivered a strongly worded rejection of the proposed 2016 pension tier. Reports from the campuses were extensive and overwhelmingly negative (link to PDF). Berkeley faculty called the proposal “imprudent and potentially fiscally irresponsible.” Davis faculty said, “It is a myth that UCRP is too generous,” and went on to detail a long list of likely negative outcomes from the new tier. Irvine faculty noted “the level of disappointment and depth of passion expressed from all quarters about the negative impact that the imposition of the PEPRA cap has on the future of the…

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Faculty Voice Opposition to Pension Proposal

Byhigbie

On Friday, the UCLA Academic Senate hosted an informational meeting that explained in clear terms that this is a bad, bad plan for faculty. What to do about it was less clear cut. Shane White gave a deeply detailed account of financial aspects of the plan (Slides here: Pension Presentation by Shane White). Among the things we learned: Last year’s budget deal introduced the “PEPRA cap” to UC retirement benefits. This is not a limit on retirement pay-outs, but a cap on the earnings that are used to calculate retirement pay-outs. So any new hire after July 1, 2016 who…

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Pension Changes Proposed: lower benefits, little savings, weaker UCRS

Byhigbie

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UCOP Response to CUCFA on Health Options

Byhigbie

In April, the Council of UC Faculty Associations drafted a letter of concern over proposed changes to UC employee health insurance options. Over 2,500 faculty system-wide added their names in support of these concerns. Now we have a response from the UC Office of the President (UCOP): Subject: Health care options letter Date: Wed, 6 May 2015 23:40:06 +0000 From: President at UCOP dot edu To: info at cucfa dot org Dear Professor Hays: Thank you for sharing the Council of UC Faculty Associations’ letter of April 7 to President Napolitano regarding the possible restructuring of healthcare plans available to…