The Commission on the Future of the University’s Funding Strategies working group of has put together a document listing their initial proposals, and near the start of their report, we find the following ominous claim: “The funding gap is exacerbated by a significant unfunded post-retirement benefit liability, which is currently $1.9 billion and expected to reach $18 billion by 2013. Similarly, the University’s unfunded post-retirement healthcare liability is projected to grow from $13 billion today to $18 billion by 2013 . . .
As of April 2010, the University of California will restart employee and employer contributions to the pension fund(UCRP). The employee contribution will begin as a redirect of the mandatory 2% contribution employees currently pay into the Safe Harbor 401k plan. The university will begin a 4% contribution for all eligible employees.
Here's an excellent editorial from the March 1 New University. This was written by UCI lecturer, Brook Haley, who will also be speaking at the UCI rally on March 4th.
The UC-AFT encourages our members and supporters and the UC workers whom we represent to support the March 4 Day of Action. However, you do need to be aware that there are some restrictions on what you can and cannot do to support March 4 activities.
Under Unit 18 and 17 MOUs (contracts), Lecturers and Librarians are not allowed to “withhold their labor” in support of the strike and day of action. You may not simply refuse to show up at work unless you honestly feel that crossing
To UC-AFT-represented librarians and non-Senate faculty:
As you may know, the UC Post Employment Benefits Task Force is circulating a survey that is apparently designed to collect information about UC employee preferences and workforce retirement patterns. There are two versions: a short-form that is made available to everyone and a long version that has been sent to randomly selected employees.
UC-AFT has NOT authorized participation in the survey by the librarians and non-Senate faculty that we represent. I write today to explain that decision.
