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Academic Council Comments on Lower-Tier Pension Options

Byuclafaculty

The Academic Council released a statement on the pension options. It appears that the process of commenting began well before President Yudof went for a version of Option C for the new lower tier. The Council noted the Yudof announcement (see earlier post for the annoucement) but produced a document that nonetheless referred to all three options: A, B, and C.

Its key point is that there should be offsetting increases in cash pay. It also opposes separating faculty and staff into two different plans.

The Council letter is at https://docs.google.com/fileview?id=0BzVLYPK7QI_4OWRhYTYwMDUtZjFiYy00MmZhLTgwYTQtZTA3NjRkZjJhNjg4&hl=en&authkey=CNXzgOMD

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AAUP / AFT Affiliation Agreement

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

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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 Study Shows Decline in Faculty Compensation

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Byuclafaculty

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