Yudof

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Letter to UC from President Yudof about proposed changes to UC retirement benefits

Byuclafaculty

October 26, 2010 Dear Colleagues: I am writing to share with you the recommendations I plan to discuss in November with the UC Board of Regents about changes to the University’s post-employment benefits programs. When I established the Post Employment Benefits Task Force, I made clear that the proposed changes needed to satisfy two critical objectives: Help address our financial challenges, and preserve good post employment benefits in support of UC’s commitment to excellence and in recognition of the vital role our faculty and staff play in the quality and delivery of UC’s service to the public. I believe these…

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PEB Options vs. CalPERS New Hire Plan? UC vs. CSU? What’s in It for Me?

Byuclafaculty

The governor made pension reform part of the proposed budget deal. Some state unions negotiated two-tier plans with bigger contributions by employees. Under two-tier, new hires get a lower pension; incumbent workers stay in the old plan. However, the big missing piece was the contract with SEIU Local 1000 which has now been negotiated. (The deal has to be ratified by members and approved by the legislature.) The workers involved are under CalPERS and as the deal spreads across other state workers under CalPERS, it might cover CSU. But in the state budget proposal, CSU gets an even more generous…

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More on Chez UC

Byuclafaculty

UC weighs what to do with abandoned president’s mansion: Luxurious 13,200-square-foot Blake House near Berkeley has been deteriorating for years. Officials are considering alternatives to avoid $2 million for basic maintenance, $10 million for a full renovation (excerpts) By Larry Gordon, Los Angeles Times, October 4, 2010 Blake House is a lonely, empty place these days. The Mediterranean-style mansion near Berkeley that is intended to be the official residence of the University of California president has not been occupied since 2008. Apart from three UC Berkeley social events this year, its grand entertainment rooms are chilly and silent, with most…

Housing the UC President

Byuclafaculty

Private funds pay for UC President’s house (excerpt) By Sean Greene, 9/23/10, Daily Bruin Nestled at the center of 10.6 acres of diverse botanical gardens in a Mediterranean-esque climate, the Blake House used to serve as the official residence of the UC president. The house stands two stories tall, occupies more than 13,000 square feet, and overlooks the San Francisco Bay from the hills of Kensington, Calif. But the house also stands next to the Hayward Fault, putting it in structural jeopardy in the event of an earthquake. The cost to resolve these concerns is in the neighborhood of $10…

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PEB Report Continues to Get Press Coverage

Byuclafaculty

The latest news item to cover the aftermath of the Post-Employment Benefits Task Force report is in the Sacramento Bee. No mention of the faculty dissenting report, however, or the $2-for-$1 problem. UC targets pension benefits (excerpt) Sacramento Bee, Sep. 11, 2010, Laurel Rosenhall Confronting a $24 billion unfunded liability in its retirement plan, leaders of the University of California are poised to make significant changes to pension and health care benefits for the system’s retirees. The first step comes Thursday, when UC’s governing board of regents is scheduled to vote on a proposal to increase the amount current employees…

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Yudof Quits CalChamber Board Over Political Endorsement in Gubernatorial Race

Byuclafaculty

From the PolitiCal blog of the LA Times Education leaders California Chamber of Commerce board to protest Whitman endorsement (excerpt) http://latimesblogs.latimes.com/california-politics/2010/09/community-college-chief-quits-chamber-board-to-protest-whitman-endorsement.html [Updated] September 3, 2010 | 12:29 pm [Updated at 4:40 p.m.] The president of University of California and the chancellor of the California community college system has resigned in protest from the California Chamber of Commerce board of directors after the organization backed Meg Whitman’s bid for governor. Jack Scott, a former Democratic state senator from Pasadena who was appointed as chancellor by Gov. Arnold Schwarzenegger, announced his resignation in a letter to chamber President Allan Zaremberg after the…

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Post-Employment Benefits Task Force Report Now Available Including Academic Senate Dissent

Byuclafaculty

The long-awaited (long delayed?) Post-Employment Benefits Task Force report is now available. (See the earlier posting of a letter from President Yudof anticipating the report’s release.) The report – which is advisory to the president and regents – includes two-tier retirement options for new hires. There is also a “choice” option for current employees to enter the lower-tier (which raises some legal issues). A dissenting report by Academic Senate representatives is also included in the posting. All material can be found at http://www.universityofcalifornia.edu/news/ucrpfuture/emp_task.html