December 13, 2010

October 25, 2010
3:00-4:30 pm
Parnassus Campus

UCSF Town Hall Meeting regarding Post Employment Benefits.

October 22, 2010
8:30-10:00 am
Mission Bay Campus

UCSF Town Hall Meeting regarding Post Employment Benefits.

October 18, 2010

	•		In Support of an Integrated Design, submitted by Provost and Executive Vice President Lawrence H. Pitts, Executive Vice President of Business Operations Nathan Bostrom and Executive Vice President and Chief Financial Officer Peter J. Taylor.
	•		Response to In Support of an Integrated Design by Professor and Chair of the University Committee on Planning & Budget James A. Chalfant and Professor Emerita and Chair of the Task Force on Investments & Retirement Helen L. Henry
	•		Post Employment Benefits Op-Ed piece by Professor and Chair of the University Committee on Planning & Budget James A. Chalfant and Professor Emerita and Chair of the Task Force on Investments & Retirement Helen L. Henry

October 15-23, 2010

UCSF Faculty Surveys Regarding Proposed Changes to UC Post Employment (Retirement)  Benefits. Survey deadline extended to 12:00 noon, October 23, 2010.

	•		Academic Senate Faculty Survey Regarding UC Retirement Benefits.
	•		Health Sciences Clinical Faculty Survey Regarding UC Retirement Benefits.
	•		Adjunct Faculty Survey Regarding UC Retirement Benefits.

October 6, 2010 9:30-11:00 am Genentech Hall Mission Bay Campus

Discussion of Proposed Revisions to UC Post Employment Benefits with Academic Planning & Budget Chair Steven Cheung Informational files prepared by the Chairs of UCPB and UCFW-TFIR: informational slides and a summary Guide to the Pension Options.

September 30, 2010

Proposed Revisions to UC Post Employment Benefits reviewed and discussed by the Committee on Faculty Welfare.

September 24, 2010

UC Systemwide Webcast Town Hall Meeting on UC Benefits. Video and transcript available here.

September 23, 2010

Proposed Revisions to UC Post Employment Benefits reviewed and discussed by the Committee on Academic Planning & Budget.

August 27, 2010

UC Post Employment Benefits Task Force Issues Recommendations.

May 11, 2010
1:00-2:30 pm
HSW 300

UC Systemwide Academic Senate Chair Henry Powell and Vice Chair Daniel Simmons to visit UCSF to discuss suggested plans for modifying the UC post employment (retirement) benefits.

April 23, 2010
 
Combined Faculty & Staff Forum
Cole Hall
11:30am-1:30pm
Simulcast to: Rock Hall, Mission Bay; Herbst Hall, Mount Zion; Laurel Heights Auditorium; UC Fresno – Auditorium
 
Combined Retired Faculty & Staff Forum
Laurel Heights Auditorium
3:00-5:00pm

Task Force to present possible pension and health benefit options at April 23, 2010 spring forums

The Post-Employment Benefits Task Force will talk about its work and the range of options it is considering for pension and retiree health benefits at a series of forums in April. The Task Force also will share the results of the recent employee preference survey. The April meetings follow up on Task Force forums held last fall at which time task force members laid out the issues confronting UC in sustaining the current pension and retiree health benefits.  
 
UC President Mark Yudof appointed the Task Force in March 2009, and charged it with reviewing current retirement benefits and developing options for balancing the long-term costs of pension and retiree health benefits with the need to provide sustainable post-employment benefits to faculty and staff. The Task Force has been studying the issues and weighing input from the UC community. It will make recommendations to President Yudof later this summer on ways to change the funding and policies for post-employment benefits.
 
Both forums will be video recorded and will be available online at a later date. Contact Robin McCartney at 476-4221 for more information.
 
Executive Director Randy Scott and Director Gary Schlimgen from the Office of the President Human Resources department will make the presentation. A panel comprising representatives from the Task Force will answer questions and listen to your comments and input after the presentation.
 
For more information on the Post-Employment Benefits Task Force, including a recording of the fall forums presentation, visit the Future of UC Retirement Benefits website: (http://www.universityofcalifornia.edu/news/ucrpfuture/emp_task.html).

April 16, 2010

A Glossary of Post Employment (Retirement) Benefits terms, concepts and options (drafted by Academic Council Vice Chair Daniel Simmons)

April, 2010

Stanford Institute for Economic Policy Research article "Going for Broke: Reforming California’s Public Employee Pension Systems" (April 2010) and response from Global Pensions.

January 8, 2010

Letter sent to Interim Provost Pitts requesting his response to the questions prepared for the Post Employment Benefits Task Force in October and the questions Elena Fuentes-Afflick sent to him in December.

December 16, 2009

Letter from Interim Provost Larry Pitts to Academic Senate Chair Elena Fuentes-Afflick.

December 8, 2009

Letter from Elena Fuentes-Afflick to Interim Provost Lawrence Pitts regarding faculty concerns regarding the Post Employment Benefits Task Force.

October 16, 2009

Questions for Post Employment Benefits Forum
Memo from Chair Elena Fuentes-Afflick.

October 14, 2009

Presentation by TFIR Chair Robert Anderson and UC Chief Financial Officer Peter Taylor to Academic Assembly Meeting regarding UC Retirement Program funding.

October 8, 2009

Post Employment Benefits Forums
UCSF Announcement, October 8, 2009

The University of California President’s Task Force on Post-Employment Benefits is holding forums on October 22 and 23 to give faculty, staff and retirees the opportunity to ask questions and learn about the immediate and long-term effects of fiscal pressures on the University’s pension and retiree health programs. The forums include a presentation on the issues, followed by time for participants to ask questions.

Local forums scheduled are:

	Thursday, October 22
	•		Noon to 1:30pm at Toland Hall Auditorium, 533 Parnassus Avenue – All Faculty.
	•		3:00pm to 4:30pm – Laurel Heights Auditorium, 3333 California Street – Retired Faculty and Staff.

Friday, October 23
•		Noon to 1:30pm – Toland Hall Auditorium, 533 Parnassus Avenue – All Staff.

If you are unable to attend the forum designated for your category, you are free to attend one of the others. Please note that the focus will be directed toward that group and we will be unable to concentrate on your questions.

The Task Force has been charged with developing options for balancing the long-term costs of these benefits with the need to provide competitive total compensation to faculty and staff. The Task Force will study the issues, weigh input from the UC community, and then make recommendations to UC President Mark Yudof on ways to change the funding and policies for post-employment benefits.

Executive Director Randy Scott and Director Gary Schlimgen from the Office of the President Human Resources department will make the presentation and be joined by a panel comprised of several representatives from the Task Force who will answer questions and listen to your input.

By the numbers UC spends roughly $1.5 billion annually in pension benefits, and the retirement plan accrues an additional $1.3 billion in pension liability each year for its current employees. The funded status of the UC Retirement Plan is expected to decline from 95 percent to 61 percent by 2013, even with the restart of contributions in April, 2010.
In 2010, the University will pay approximately $250 million for retiree health benefits. That expense, which is paid for from operating revenue, is projected to increase by about $37 million per year. By 2013, UC will be spending $373 million annually and by 2018, the figure will have climbed to an estimated $610 million.

The University’s long-term liability for retiree health benefits for current and future retirees is also projected to increase, from $13 billion today to nearly $26 billion by 2018. In other words, the liability is increasing at a rate of more than $1.5 billion per year. Governmental accounting regulations now require UC and other employers to include this liability in their financial statements. Such a significant liability could affect UC's credit rating when borrowing money for campus buildings, hospitals and other projects.

To learn more about the mission and charge of the Task Force, visit the Future of UC Retirement Benefits website.