Reports to regents on Working Smarter savings and UCRP performance
At last week’s meeting of the UC Board of Regents, UCOP leadership presented two reports on UC’s Working Smarter program and recent performance of the UC Retirement Plan.
- Executive Vice President Nathan Brostrom discussed Working Smarter’s progress, reporting that the University of California has generated $664 million in cost savings and new revenue from efficiencies over the past four years and passed most of that money to campuses to pay for academics and research, the university’s core missions. See full story.
- Vice President of Human Resources Dwaine Duckett reported that, thanks to strong investment returns and increased contributions from UC and employees, the funded status of the UC Retirement Plan (UCRP) increased to 80 percent from 76 percent as of July 1, 2014. See full story.