The Regents at their postponed meeting today (11-28-11) are expected to raise the employee contribution to the pension plan to 6.5% as of 2013-14. See the chart below: The full item is at http://www.universityofcalifornia.edu/regents/regmeet/nov11/f5.pdf This will not be the last increase for either the employee or the employer contribution. No help from the state in sight. Au contraire:
Lisa M. Krieger, San Jose Mercury-News 11-26-11 Student protesters with the Occupy movement will converge on four UC campuses Monday morning to vent their fury at a meeting of the regents, with demonstrators in Davis attempting a campuswide shutdown. The meeting, rescheduled after cancellation earlier this month because of threats of violence and vandalism, now includes a one-hour slot for student voices and other public comment, increased from the usual 20 minutes. The regents will be spread out in four locations — San Francisco, Davis, Los Angeles, and Merced — and conduct the meeting by teleconference… Source: http://www.mercurynews.com/health/ci_19419961 Above: In…
The letter below appears on the blog https://uclafacultyunited.wordpress.com/ in an entry dated Nov. 20. Open Letter to Chancellor Block November 20, 2011 Dear Chancellor Block: In the predawn darkness this past Friday, a large contingent of police arrived on campus to remove a group of students who were peacefully protesting tuition increases, student loan debt, and the collapse of public funding for the University of California. In an act of civil disobedience, 14 students chose to ignore an order to disperse and were arrested. Their crime, formally, was to violate a campus policy against camping. But in reality they were…
Regent chair Lansing with a message to UC community 2011-11-21 UC Board of Regents chair Sherry Lansing says in a video statement that she is “shocked and appalled” by the images of police actions during recent student protests at UC Berkeley and UC Davis. Lansing supports UC President Mark Yudof’s effort to review systemwide procedures so that students can engage in peaceful protests. “We regents share your passion and your conviction for the University of California,” Lansing says. “We want all of you to know that we fully and unequivocally support your right to protest peacefully.” Lansing also invites the…
Departing Regent David Crane, a last-minute appointment to the Board of Regents by Governor Schwarzenegger, would have had his last Regents meeting in November, since he could not get legislative confirmation. But the Regents’ meeting was canceled due to a fear of Occupy-type demonstrations. However, Crane has left behind a missive of sorts – a press release on state budget and pension matters in which he a) endorses the pension proposals by Governor Brown and b) wants to take those proposals further. No reference to the changes already adopted by the Regents for UC is made in the release. No…
SAN FRANCISCO — The University of California board on Monday canceled its next meeting after law enforcement officials warned about possible violence and vandalism at a planned anti-Wall Street demonstration. The UC Board of Regents had been set to hold its bi-monthly meeting on Wednesday and Thursday at the UC San Francisco Mission Bay campus but will reschedule and possibly hold it at another venue, officials said in a statement. The move came after law enforcement officials received information that “rogue elements intent on violence and confrontation with UC public safety officers” were planning to join a demonstration by students…
President Yudof gave assurance in advance of the event that if the legislative “trigger” is pulled – and cuts are therefore made in the UC budget – there won’t be a midyear tuition increase. Some might see this assurance as an invitation to be shot. President Yudof is apparently going to offer the Regents a budget plan for next year with the assurance that if the state grants it as proposed, there will be no tuition increase next year. He does not say what will happen to tuition if the budget plan (and the increase contained in it relative to…
As noted in our earlier post of the Sept. 13, 2011 Regents meeting, the audio received from the Regents appeared to be incomplete. Below is the complete audio. Regents Committee Meeting: Sept. 13, 2011 1:00 pm Committee on Compliance and Audit (Regents only session) 1:15 pm Committee on Compliance and Audit (open session – includes public comment) 2:30 pm Committee on Grounds and Buildings (open session – includes public comment) Note: The audio begins after about 40 seconds.
One of the characteristics of a defined benefit (DB) pension such as the current UC plan is that – in contrast to defined contribution (DC) plans – it provides a strong incentive to retire for long-service employees. The two-tier version enacted by the Regents for new hires still preserves the DB format. For faculty renewal, this feature can be important. The governor’s proposal for state and local pensions (including UC) would substitute a “hybrid” plan which is a mix of DB and DC. The more DC there is in a plan, the less you get the incentive to retire. As…
UC, CSU campuses to be site of economic-based protests Sacramento Bee, 11/5/11, Laurel Rosenhall The wave of anger at banks that has swept the country with the recent Occupy movement is coming to California college campuses next week. …The group sent letters Friday to University of California regents and trustees of the California State University, asking them to sign a pledge to support five items: increasing income taxes on California’s wealthiest; changing Proposition 13 so that corporate property taxes could rise; enacting a federal sales tax on large-scale financial transactions; reducing underwater mortgage debt; and reversing tuition increases, layoffs, and…
