Academic Senate Rejects New Pension Tier

Representatives of UC faculty on all campuses delivered a strongly worded rejection of the proposed 2016 pension tier. Reports from the campuses were extensive and overwhelmingly negative (link to PDF). Berkeley faculty called the proposal "imprudent and potentially fiscally irresponsible." Davis faculty said, "It is a myth that UCRP is too generous," and went on … Continue reading Academic Senate Rejects New Pension Tier

Faculty Voice Opposition to Pension Proposal

On Friday, the UCLA Academic Senate hosted an informational meeting that explained in clear terms that this is a bad, bad plan for faculty. What to do about it was less clear cut. Shane White gave a deeply detailed account of financial aspects of the plan (Slides here: Pension Presentation by Shane White). Among the … Continue reading Faculty Voice Opposition to Pension Proposal

Pension Changes Proposed: lower benefits, little savings, weaker UCRS

The University of California will soon have a third pension tier if the Regents approve a plan put forth by the Retirement Options Task Force on Friday. UC President Janet Napolitano charged the Task Force, which included management and Academic Senate representatives, with finding a way to implement her agreement with Gov. Brown to set … Continue reading Pension Changes Proposed: lower benefits, little savings, weaker UCRS

UCOP Study Shows Decline in Faculty Compensation

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, … Continue reading UCOP Study Shows Decline in Faculty Compensation