UC Administrators in Denial Over Pension Options?
Professors Jim Chalfant of UC-Davis and Helen Henry of UC-Riverside served on the Post-Employment Benefits (PEB) Task Force and signed the dissenting report. The majority of the PEB endorsed options A and B which are “integrated” with Social Security. The dissenters found A unacceptable and B possibly acceptable if combined with a strategy to make total remuneration (salary + benefits) competitive. Option C was added to the menu by the dissenters. It is a simpler and more generous pension than A or B, but adds to the employee contribution as a result. Dissenters found C to be acceptable, again with…