UC Regents take action on retirement benefits, endorse Commission report
The University of California Board of Regents voted at a special meeting Monday, Dec. 13 to change some of UC’s retiree health and pension programs, including offering future employees a modified pension program that delays retirement age by five years. Learn more about the changes at the Future of UC Retirement Benefits website, where you can find a story on the Regents’ decision and a fact sheet on the approved changes.
In a separate action, the Board of Regents voted to endorse the principles of the final report from the UC Commission on the Future, which was created to develop a new vision that preserves excellence and access as the university navigates the state’s fiscal crisis.
Yudof and UC Board of Regents Chairman Russell Gould created the commission last year in response to state funding cutbacks and served as co-chairs. The 20 recommendations in the commission’s final report are in five broad categories: teaching and curriculum, undergraduate enrollment and access, research and graduate education, fiscal discipline and administrative reform, and advocacy and other measures.
In addition to the 20 recommendations, the report contains contingency recommendations that the commission did not endorse but said might be necessary should the financial situation worsen. These include curtailing enrollment, reducing the faculty and staff work force and reducing financial aid support. Read more at UC Newsroom.