UC Regents

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What Does Crane’s Proposed Grand Bargain Mean for UC?

Byuclafaculty

Regent-designate David Crane – a late appointment by Gov. Schwarzenegger who has yet to be confirmed (or not) by the state senate – has pushed various versions of pension reform. In an op ed today in the Sacramento Bee, he seems to be appealing to the current governor. Whether that will carry any weight in the state senate is not clear. Basically, he wants a “Grand Bargain” on a corporate tax change – which Gov. Brown has pushed – in exchange for pension reform. Crane says nothing specifically about the UC pension, however. Is he just talking about CalPERS and…

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Yesterday was better

Byuclafaculty

Yesterday, I posted a note that a public pension initiative that might have gone somewhere wasn’t going anywhere. (See the “Failed Fishing” entry.) But today comes news of another that could go somewhere – because, whatever it is, will emanate from the governor. Some readers will recall that the governor – in failed budget negotiations with legislative Republicans – at one point seemed to be offering such things as $100,000 caps. Some will also recall that there was no sign, at the time, that the powers-that-be at UC were informing the governor that they wanted UC to be excluded. From…

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Below the Radar: Regents’ Role in Reopening MLK Hospital

Byuclafaculty

It has been a below-the-radar issue – given the pressing developments related to the state budget, tuition, and the pension plan – but the UC Regents agreed with LA County while all those other dramas were occurring to take responsibility of the Martin Luther King hospital. The hospital in South LA was closed due to major operating failures and failures in patient care. Below are excerpts from an interview the current CEO of the hospital which is due to reopen in 2013: …Currently under construction on the campus of its former home near the intersection of 120th Street and Wilmington…

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The Sun Rises on UC Online Education

Byuclafaculty

In the 1950s, you could take college courses via “Sunrise Semester” on your black and white TV. Now we have online ed, where you don’t have to get up early in the morning to watch your course and it is in color. See below: UC takes first steps into online education (excerpt) Lisa M. Krieger, 8/18/2011, Contra Costa Times Going online to get a college degree has been championed as a cost-effective way to educate the masses and challenged as a cheapening of academia. Now, the online classroom is coming to the vaunted UC system, making it the nation’s first…

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Don’t Panic

Byuclafaculty

Some readers of yesterday’s New York Times who read the article about municipalities reneging on pensions may panic, particularly those readers close to retirement. There is a temptation to go for the lump-sum cashout in a panic, i.e., get the money while the getting is good. Before you do, however, it is important to note that states such as California and state agencies such as UC, do not have a legal means to declare bankruptcy. There is no legal way out of their pension obligations. Using the lump-sum option will eliminate your access to retiree health care. It is true…

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More on Pension Initiatives: All Kinds of Clever Ideas Out There

Byuclafaculty

Yesterday, this blog featured some developments that might impede public pension ballot initiatives getting on the ballot that could potentially override the Regents’ action last December revamping the UC pension system. It only costs $200 to file initiatives. For that modest sum, the filer gets an analysis from the Attorney General (including summary description and title) and a fiscal analysis from the Legislative Analyst. Even initiatives that have a snowball’s chance in Hell get the same treatment – which clearly costs the state a lot more than $200. Here is a summary of snowball-type pension initiative that someone thought was…

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Pension Initiative Drive Might Become More Difficult

Byuclafaculty

Earlier posts on this blog have pointed out that a pension initiative could appear on the California ballot that would override the changes made by the Regents last December in the UC pension plan. It was noted that initiatives – once qualified – go on the next statewide ballot. For 2012, that might have been February when the state presidential primary was originally scheduled. The mix of voters in a February primary might have tilted toward passage of such an initiative. Now, however, the governor has signed a bill moving the presidential primary back to June when the regular primary…

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Our Primary Concern

Byuclafaculty

The Sacramento Bee today carries a story about the resetting of the date for the California presidential primary. It focuses on the arguments made when – last time there was a presidential election (2008) – California moved its presidential primary from June (when the primary for state offices is held) to February. The idea was to be early in the presidential primary campaign season and thus have more influence on the outcome. You can read all about that idea – and whether it worked in practice – at http://www.sacbee.com/2011/07/29/3802418/california-set-to-move-its-presidential.html Where this matters for UC is in the initiative process. As…

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Maintaining a Healthy Balance

Byuclafaculty

UC has maintained a kind of cautionary balance for its health plans meant to smooth out sudden bumps in health care premiums. Since the state budget has squeezed the UC budget – including using UC as a loan department – the Regents approved various actions at their July meeting to try and deal with the cash crunch. Among these was tapping the health reserve. As the letter below (a public document I have been assured) indicates, the systemwide University Committee on Faculty Welfare has expressed concern about completely depleting the fund. Apparently, that is not the intention at this time,…

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The Usual

Byuclafaculty

It’s now routine. The legislature cuts the UC budget and the Regents raise tuition. From Capitol Alert, 7/14/11: University of California regents today voted to raise tuition by about $1,070, sending the total cost to $12,192 for the upcoming school year. After a recently approved $650 million cut in state funding, UC regents said they had no choice but to raise tuition to close about a quarter of the system’s $1 billion budget deficit. When combined with a previous hike, tuition will be 18 percent more — about $1,890 — in fall 2011 than it was in fall 2010. Each…