Davis Faculty Association

UCRP Discussion at Thursday’s Regents’ Meeting

Tough times continue for UCRP, as discussed at the recent UC Regents’ meeting. Here is a brief excerpt from a San Diego Union Tribune article does a fairly good job of describing the situation:

UC pension system faces economic reality
Contribution-free days ending; benefits eyed
By James P. Sweeney

…UC regents voted yesterday to start regular payments and, along with UC President Mark Yudof, served notice of a possible reduction in benefits for thousands of retirees.  “I see no way around restructuring the benefits,” Yudof said at the end of a frank discussion that appeared to startle some regents, one of whom expressed concern about a coming pension “train wreck.” “I don’t know what we’re legally allowed to do, but we’ll find out,”
Yudof continued…

The full article is available at http://www3.signonsandiego.com/stories/2009/feb/06/1n6pension235823-uc-pension-system-faces-economic-/?uniontrib

This entry was posted on Saturday, February 7th, 2009 at 4:46 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply