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Pension Cap at Regents

Byuclafaculty

Those who follow this blog will know that a brouhaha developed when certain highly compensated administrators in the UC system pushed for a lifting of a cap on the level of pay considered for pension calculations under IRS rules.

In 1999, the Regents applied for an exemption that would have lifted the cap.  It was approved by IRS in 2007.  But the Regents never implemented the exemption, have indicated they will not do so, and are now threatened with litigation.

Apparently as a result, the Regents have a recommendation on their upcoming agenda to rescind their 1999 action.  The item appears on the agenda of the Committee on Compensation at:
http://www.universityofcalifornia.edu/regents/regmeet/mar12/c3.pdf

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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….

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

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)…

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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…

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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]