UC is developing new retirement benefits for future employees (retirement benefits for current employees and retirees are not affected) as a result of the 2015 budget agreement with state leaders. Last summer, President Napolitano convened a task force to recommend options for the new retirement benefits, which has presented her with its recommendations.
The recommendations have been posted on the UCOP website here: http://ucnet.universityofcalifornia.edu/compensation-and-benefits/2016-retirement-benefits/rotf-report.pdf.
A press release regarding the release of the recommendations can be found here: http://ucnet.universityofcalifornia.edu/news/2016/01/task-force-submits-recommendations-on-new-retirement-benefits-for-future-uc-employees-final-decisions-expected-from-uc-regents-in-march-following-input-from-uc-community.html
President Napolitano wants feedback ...on the recommendations from the UC community to help inform the proposal she is expected to bring to the UC Board of Regents March 23-24. The feedback form can be found here: http://ucnet.universityofcalifornia.edu/compensation-and-benefits/2016-retirement-benefits/comments.html
Two webinars will be held in February to discuss the recommendations and field questions:
Monday, February 1 from 2:30pm to 4:00pm
Wednesday, February 10 from 1pm to 2:30pm
To join each webinar:
Go to https://www.readytalk.com
Enter the participant code: 5854736
Task force members included faculty, staff, and representatives from the Academic Senate, the Staff Advisors to the Regents, the Council of UC Staff Assemblies (CUCSA), UC labor unions, and UC administrators. Additionally, President Napolitano asked task force members to discuss possible options with colleagues and constituent groups throughout the university, and to use feedback from those discussions to inform their deliberations.
For more information on the task force members, meetings, FAQs, timeline, go to: http://ucnet.universityofcalifornia.edu/compensation-and-benefits/2016-retirement-benefits/index.html.