Author: admin

pension | pensions | UC

Gall and Chutzpah: The Pension Editorials Continue to Flow
Byadmin January 5, 2011

The tone of the editorial below makes it clear which definition of chutzpah (see right-hand box) the newspaper is using. Monday, January 3, 2011, Editorial The Riverside Press-Enterprise Pension gall The tallest ivory towers at the University of California apparently have no windows, or top administrators would see that they are wildly out of touch with reality. UC executives should drop their insulting quest for bigger retirement benefits. And if not, the university’s Board of Regents should flatly reject a proposal the university cannot afford. A group of 36 UC executives sent a letter to regents last month, in advance…

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pension | pensions | UC | Yudof

Yudof Declares There Is No Legal Pension Obligation to Raise Ceiling for High-Paid Execs
Byadmin January 4, 2011

The following news release was issued today by UCOP:UC Newsroom Statement on executive pension benefits http://www.universityofcalifornia.edu/news/article/24746 Date: 2011-01-04Contact: University of California Office of the PresidentPhone: (510) 987-9200 In light of recent media reports about a letter by 36 University of California executives regarding pension benefits, Board of Regents Chairman Russell Gould and University President Mark Yudof today (Jan. 4, 2011) issued the following statement: Ten years ago the University of California sought a determination from the IRS that a proposed new method for calculating pension benefits complied with federal tax rules. The new method would have resulted in higher pension…

Read More Yudof Declares There Is No Legal Pension Obligation to Raise Ceiling for High-Paid Execs
politics | State Budget | UCLA

Cheery Times Past (1951); Not-So-Cheery Times Present (2011)
Byadmin January 4, 2011

Cartoon from LAObserved.com today. As previous posts have noted, UC’s budget is on the cutting block along with almost everything else.

Read More Cheery Times Past (1951); Not-So-Cheery Times Present (2011)
pension | pensions | UC | Yudof

UC Executive Pension Issue Discussed on Local Radio Program
Byadmin January 4, 2011

KPCC’s Patt Morrison interviewed Nanette Asimov of the San Francisco Chronicle who broke the story on the demand by high-paid UC executives for lifting the cap on their pensions. One tidbit that comes out is that – so far at least – no one has located a Regents vote in 1999 that said the pension cap would go up if the IRS approved. (The IRS did approve several years later.) Apparently, a committee of the Regents endorsed the idea back then, but if there was no vote of the full body, it is difficult to see how a legal commitment…

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Jerry Brown | pension | pensions | State Budget

In Inauguration Address Jerry Brown Mentions Budget & Pensions But Mainly Talks About History and Need for Cooperation
Byadmin January 3, 2011

I have put a video of the inauguration on YouTube. It is divided into two parts to meet the time duration limits of YouTube. There are considerable references to California history and personal history of Brown ancestors. There are references to the state budget crisis and pensions but no specific proposals. Part 1 Part 2 It’s not over ’til it’s over:

Read More In Inauguration Address Jerry Brown Mentions Budget & Pensions But Mainly Talks About History and Need for Cooperation
pension | pensions | UC

More Newspaper Editorial Comment on High-Paid UC Execs’ Demand for Lifting Pension Cap: This One Says “Outrageous”
Byadmin January 3, 2011

Are they paying attention? UC execs’ threatened lawsuit over pensions misses the point (excerpt) Jan.3, 2011, Stockton Record Three dozen of the University of California’s highest-paid executives are threatening to sue unless their pensions are substantially raised. Incredible. Perhaps these men and women, all of whom make more than $245,000 a year, are so busy doing the public’s good works that they missed that: » The state is facing a $28 billion budget deficit. » Student tuition at UC increased 32 percent last fall and will jump an additional 8 percent next fall because of sagging state support. » The…

Read More More Newspaper Editorial Comment on High-Paid UC Execs’ Demand for Lifting Pension Cap: This One Says “Outrageous”
politics | State Budget | UC budget crisis

More State BudgiLeaks Suggest UC Will Be Cut
Byadmin January 3, 2011

As a prior post noted, it is traditional for governors to leak bits and pieces of their budget plans to the news media before the formal presentation. Jerry Brown will be sworn in today and undoubtedly make some budget-related remarks in his inaugural address. The formal budget comes next week. But the reality is that because the budget is a complicated document to prepare, it is already 99% done, if not 100%, and lacks only an unveiling. The latest leak explicitly mentions UC: Brown to propose broad list of budget cuts (excerpt) Jan. 03, 2011, Sacramento Bee, Kevin Yamamura The…

Read More More State BudgiLeaks Suggest UC Will Be Cut
miscellaneous

Tales of a Confusing Academic Job Market: Up or Down? Actually, Both.
Byadmin January 3, 2011

Inside Higher Ed today posts a review of the confusing and mixed picture in academic job openings in various fields. Among the findings as you can see below – this will anger some folks! – the job market for economists is much improved but for historians it remains dismal. Job Freefall, Job Recovery (excerpt)Jan. 3, 2011, Scott Jaschik There has never been a single academic job market: variation among disciplines, institutions and regions has always mattered. The reality of radically differing job markets may be especially clear as 2011 begins with disciplinary associations gathering for job interviews at annual meetings…

Read More Tales of a Confusing Academic Job Market: Up or Down? Actually, Both.
faculty pay | faculty recruitment | UC

A Message from Faculty Association Chair Dwight Read on Faculty Pay
Byadmin January 3, 2011

Annual Faculty Equity Adjustment The Faculty Association proposes a new annual Faculty Equity Adjustment to Salary that could incorporate a number of widely-used indicators, such as the mid-point salary point between UC’s Comparison-8 Universities, the level of the regional California Consumer Price Index (CPI), or the increased employee cost of the combined annual benefit increases (such as retirement and health). The point is that there should be an Annual Faculty Equity Adjustment. We realize that until the California economy recovers and the unending budget crisis is resolved, state funds will not be the source for funding the proposed Annual Faculty…

Read More A Message from Faculty Association Chair Dwight Read on Faculty Pay
pension | pensions | UC Regents

Sacramento Bee Editorial Says UC High Paid Execs Threatening to Sue “Live in Bubble”
Byadmin January 2, 2011

UC executives offer further evidence they live in bubble (excerpt) Jan. 02, 2011, Sacramento Bee We’re in a time in California when everyone has to share the pain, and leaders have to set the right example. It is dumbfounding that some top officials at the University of California are doing the exact opposite. Thirty-six executives sent a letter to UC regents on Dec. 9 with an ultimatum: Give us higher pensions or we’ll sue. They had the gall to call it a “legal, moral and ethical obligation.” What’s appalling is that people – who already earn far more than the…

Read More Sacramento Bee Editorial Says UC High Paid Execs Threatening to Sue “Live in Bubble”

Author: admin

Gall and Chutzpah: The Pension Editorials Continue to Flow

Yudof Declares There Is No Legal Pension Obligation to Raise Ceiling for High-Paid Execs

Cheery Times Past (1951); Not-So-Cheery Times Present (2011)

UC Executive Pension Issue Discussed on Local Radio Program

In Inauguration Address Jerry Brown Mentions Budget & Pensions But Mainly Talks About History and Need for Cooperation

More Newspaper Editorial Comment on High-Paid UC Execs’ Demand for Lifting Pension Cap: This One Says “Outrageous”

More State BudgiLeaks Suggest UC Will Be Cut

Tales of a Confusing Academic Job Market: Up or Down? Actually, Both.

A Message from Faculty Association Chair Dwight Read on Faculty Pay

Sacramento Bee Editorial Says UC High Paid Execs Threatening to Sue “Live in Bubble”

UC Faculty Associations

Higher Ed Policy

Labor and Advocacy

UC Faculty Associations

Higher Ed Policy

Labor and Advocacy

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