Protect Your Pension

Several unions (AFT, AFSCME, UPTE, CNA) in consultation with CUCFA and members of the senate faculty welfare committees have composed the following joint set of principles regarding possible changes to the pension plan:

1. We need to move to a full funding of the normal cost of UCRP. The suggested new tiers do not address this issue.

2. There has to be a credible plan for total remuneration approved by the regents.

3. We must begin paying down the UCRP liability now. This can be done in part from borrowing from STIP or Pension Obligation Bonds.

4.We need more people paying more into UCRP and not fewer people paying less.

5. There should be a full discussion of alternative plans with the inclusion of faculty, unions, and staff at all levels of the process.

6. We need a plan to pre-fund retiree healthcare.

7. We will work together to get the state to pay its share of the employeer contributions.

8. The university should end supplemental retirement packages for Senior Managers.

9. Any changes to the pension plan and retiree health should not discriminate against low- and medium-wage employees.

10. We oppose raising the employee contributions to a high level in order to induce current employees to opt into a new system.

UC-AFT Endorsements for UCRS Advisory Board--VOTE TODAY!

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IT’S TIME TO VOTE in the UC RETIREMENT ADVISORY BOARD ELECTIONS!

Vote for Monica Martinez and Paul Brooks today! 

Please share these endorsements with the staff in your department.   Note- It is against the rules to use UC e-mails to campaign for the UCRS seats.  If you share this information, please do so through word of mouth.

Secure retirement with dignity is under attack—both across the nation and here at the University of California.  UC Regents want to push through major changes to our retirement benefits, including increased costs to workers, many of who struggle to make ends meet already, and reductions to retiree healthcare.  Now, more than ever, it is crucial to stay informed about changes to retirement benefits– good representation on the UC Retirement System (UCRS) Advisory Board will help us do just that.

Bob Samuels Appointed to UCRP Investment Advisory Group

Submitted by administrator on Wed, 03/30/2011 - 13:39
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UC Regents Appoint Union Leader to UCRP Advisory Group 

UC-AFT President vows to push investment strategies that will provide long-term 

stability to the University of California pension plan 

 

The Regents of the University of California have for the first time ever appointed a 

union leader to the Investment Advisory Group of the UC Retirement Program. 

Regents' Meeting Protest--Students and Workers Demand Stop to Fee Increases and Benefits Cuts

Submitted by administrator on Wed, 11/17/2010 - 22:34
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Several hundred  UC students and workers gathered at the Regent's meeting in San Francisco today to protest a proposed fee increase and cuts to retirement benefits.  Protesters and UC Police clashed when the crowd rushed barricades and the police responded with pepper spray and batons.  At one point, a UC Police officer felt threatened enough to pull his gun and aim it at protesters.  

Key Facts about Possible Pension Changes- By Bob Samuels

Submitted by administrator on Thu, 10/14/2010 - 15:05
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The following report is meant to clarify how the proposed changes to our pension system will affect current and future lecturers and librarians.  I also discuss some of the actions UC-AFT and other groups are taking to protect our shared pension system (UCRP).  Most urgently, UC-AFT is working to delay the Regent's decision on pension reform until complete analysis has been conducted and all UC employees are informed of possible changes.  Please read on.

Comprehensive List of Pension Resources

Submitted by administrator on Tue, 10/12/2010 - 21:03
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On October 11, UCSB Professor Chris Newfield added a new post on UC pension reform to his blog, Remaking the University. The post includes the following compilation of recent pension analyses by unions and faculty groups from across the UC system.

UC-AFT President Issues Call to Action on Pension Changes

Submitted by administrator on Mon, 09/27/2010 - 09:59
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Pensions, Lies, and Videotape:  An Employee's Guide to UC's Propaganda

I write this post with great urgency. The University of California is about to decide on a path that will determine its future, and if the university's employees don't wake up and do some math, there may be no turning back. The basic truth is that the UC administration is misinforming its employees in order to get them to accept a reduction of pay and benefits; however to understand how the university is misleading its workers, one must first comprehend how the system is financed. 

Key Facts on Pension Changes

Submitted by administrator on Tue, 10/12/2010 - 20:14
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Key Facts about Possible Pension Changes

Joint Principles Regarding Pension Changes

Submitted by administrator on Mon, 10/11/2010 - 16:30
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Several unions (AFT, AFSCME, UPTE, CNA) in consultation with CUCFA and members of the senate faculty welfare committees have composed the following joint set of principles regarding possible changes to the pension plan:

1. We need to move to a full funding of the normal cost of UCRP.  The suggested new tiers do not address this issue.

2. There has to be a credible plan for total remuneration approved by the regents.

3. We must begin paying down the UCRP liability now.  This can be done in part from borrowing from STIP or Pension Obligation Bonds.

4.We need more people paying more into UCRP and not fewer people paying less.

5. There should be a full discussion of alternative plans with the inclusion of faculty, unions, and staff at all levels of the process.

6. We need a plan to pre-fund retiree healthcare.

7. We will work together to get the state to pay its share of the employee contributions.

Regent's Vote to Increase Pension Contributions

Submitted by administrator on Fri, 09/17/2010 - 12:52
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In a unanimous vote on Thursday, the UC Regents increased pension contributions for all pension eligible employees to 3.5% in July 2011 and 5% in 2012.   UC employees are currently paying 2% into UCRP.  Union represented staff will negotiate with UC over changes to pension contributions.  UC-AFT member's pension contribution is tied to the senate faculty contribution, so our members will begin paying the new rate as soon as it is implemented for faculty.

UC-AFT Meets with Steinberg and Zettel to Discuss Joint Governance of UCRP

Submitted by administrator on Tue, 04/27/2010 - 11:34
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On Wednesday April 21, UC-AFT Vice President for Legislation Axel Borg and UC-AFT Exectuive Director Karen Sawislak joined with leaders of other UC unions at the Capitol office of Senate President pro Tem Darrel Steinberg for an unusual face-to-face meeting with the University leaders on the subject of governance of the UC pension fund.  

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