The official UC announcement of the Napolitano appointment as president this coming September makes the following point:
…By virtue of her appointment beginning after July 1, 2013, she will be included under the new tier of the UC Retirement Program.
Full release at http://www.universityofcalifornia.edu/news/article/29782.
What is there to say? Timing is everything and she’s too late:
The presidents of California’s three higher education systems issued a joint letter on Tuesday calling on the President-elect Trump to maintain Deferred Action for Childhood Arrivals (DACA).
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…
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…
The University of California will soon have a third pension tier if the Regents approve a plan put forth by the Retirement Options Task Force on Friday. UC President Janet Napolitano charged the Task Force, which included management and Academic Senate representatives, with finding a way to implement her agreement with Gov. Brown to set a cap on pension benefits in exchange for state funds to support the pension system. Over the weekend, as faculty activists read the task force report and a second report produced by Senate leaders (Guide to reviewing the recommendations of the Retirement Options Task Force)…
Colleen Lye and James Vernon (UC Berkeley Faculty Association) UC faculty need to wake up to the systematic degradation of their pay and benefits. In 2009, when the salary furlough temporarily cut faculty salaries between 6 and 10%, faculty were outraged. Yet since then our compensation has been hit by a more serious, and seemingly permanent, double blow. First, despite modest salary rises of 3% and 2% in October 2011 and July 2013, faculty take-home pay has been effectively cut as employee contributions to pension and healthcare have escalated. Faculty now pay more for retirement and healthcare programs that offer less. Secondly, faculty are…
As far as yours truly can tell, the major PBS affiliates in California have so far taken a pass on the hot potato program described below. That decision could have been because the threatened pension initiative that would have swept in UC was originally aimed at the November 2014 ballot. With it apparently off the ballot for now (see earlier posts), some stations might air the program. On verra. The Wolf of Sesame Street: Revealing the secret corruption inside PBS’s news division On December 18th, the Public Broadcasting Service’s flagship station WNET issued a press release announcing the launch of…
