New retirement benefits for future UC employees

This is to update you on UC efforts to develop new retirement benefits for future UC employees as a result of last year's 2015 budget agreement between UC and state leaders.

After months of discussion and analysis, the task force President Napolitano convened last summer to recommend options for retirement benefits for future UC employees has concluded its work and presented her with its recommendations. Once final, the new retirement benefits will apply only to UC employees hired on or after July 1, 2016 — retirement benefits for current employees and retirees will not be affected. Retirement benefit changes for union-represented employees will be effective upon completion of the collective bargaining process.

Community input on the recommendations

With the task force's work complete, President Napolitano is asking the UC community for feedback on the recommendations. As part of UC's principles of shared governance, the Academic Senate will formally review the recommendations and provide feedback to the president. In addition, webinars with senior UC officials will be held on Feb. 1 and Feb.  10 to discuss the recommendations and solicit questions and comments from interested employees. Faculty and staff also are invited to submit comments through a dedicated website. All comments received will be reviewed and considered.

President Napolitano will use the input from the university community to help inform the proposal she is expected to bring to the regents in March.

To join the 1 p.m. Feb. 10 webinar:

• Go to https://www.readytalk.com and enter the participant code: 5854736
• And call 1-877-256-8282 and enter the access code 21804895 to listen to the webinar.

The task force report, along with a timeline, answers to frequently asked questions, and instructions to submit comments are available at http://ucal.us/2016retirement.

John Fox
Executive director, Human Resources

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