pension

A year ago Colleen Lye and James Vernon, co-chairs of the Berkeley Faculty Association, drew the attention of faculty across the ten campuses of the University of California to the continuing degradation of their pensions, benefits and salaries. Increasing employee contributions to health insurance and pensions were compounding the negative impact of slow salary group, they argued, and retirees faced fewer choices for healthcare. Now UCOP’s own study of total remuneration has confirmed much of their argument. The executive summary of this document contains the following depressing bullet points: Between 2009 and 2014, UC’s total remuneration fell from 2% below…