| | |

Regents Session on Retiree Health, Nov. 17

Byuclafaculty

The Regents will take up retiree health on Wednesday, Nov. 17, in a session beginning 10:15 AM. You can find the background materials at http://www.universityofcalifornia.edu/regents/regmeet/nov10/f4.pdf

The chart above, which does not appear very clearly as reproduced in this blog, is on page 5. It shows the retiree health program’s unfunded liability. In fact, the program is not prefunded so virtually all funding is pay-as-you-go. But the background report treats it in the same way that the pension plan is treated. The chart shows the unfunded liability – with no change in the participant contribution policy – rising from around $15 billion now to around $29 billion in 2020. Of course, much depends on the assumed trend in the cost of providing health care. And there will be a change in policy.

Any increase in participant contributions decreases the unfunded liability. President Yudof will present a plan to increase such contributions as part of the more general report on retiree pension+health funding. See prior posts on that plan. It appears that, as in the case of the pension, decisions are not going to be made until the December meeting.

Similar Posts

  • | | | |

    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….

  • | | |

    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…

  • | |

    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…

  • | | | |

    UCOP Study Shows Decline in Faculty Compensation

    Byhigbie

    A year ago Colleen Lye and James Vernon, co-chairs of the Berkeley Faculty Association, drew the attention of faculty across the ten campuses of the University of California to the continuing degradation of their pensions, benefits and salaries. Increasing employee contributions to health insurance and pensions were compounding the negative impact of slow salary group, they argued, and retirees faced fewer choices for healthcare. Now UCOP’s own study of total remuneration has confirmed much of their argument. The executive summary of this document contains the following depressing bullet points: Between 2009 and 2014, UC’s total remuneration fell from 2% below…

  • | | |

    The Degradation of Faculty Welfare and Compensation

    Byuclafaculty

    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…

  • | | |

    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]