Task force recommends new retirement benefits for future UC employees
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. President Napolitano will next invite feedback on the task force recommendations from faculty, staff and others over the coming weeks to help inform the proposal she is expected to bring to the UC Board of Regents in March.
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.
For full details, please see article on UCnet.