Regents to Consider Employee Representation on Investment Advisory Board
At today’s Regents meeting, a proposal is being considered (and likely approved) for an Investment Advisory Board with employee representation in relation to the pension plan. The item is below. This move is apparently in response to pressure for greater representation after the UCRS Advisory Board was defanged by a legal decision at UCOP. For many years, the UCRS Advisory Board – which had faculty and staff representation – acted as a significant body in decisions regarding the UC retirement system. Although advisory, it initiated recommendations and had an influence on actual policy. Collective bargaining at UC is regulated under…