Governor's Proposed Pension Plan Does Not Apply to UC Employees
UC’s pension plan and retirement benefits would not be affected by a plan unveiled by Gov. Jerry Brown and Democratic lawmakers according to Dwaine Duckett, vice president of Systemwide Human Resources.
Faculty, staff and the University of California are already contributing more to the UC Retirement Plan (UCRP). Rates for faculty and staff rose to 5 percent of pay, up from roughly 3.5 percent on July 1. The University is now paying 10 percent of pay, up from 7 percent.
Below is Duckett's letter to UC employees:
Dear UC Colleagues:
As you may have read in the news media, Gov. Jerry Brown and Democratic lawmakers unveiled a pension reform plan on Aug. 28, 2012 that would require many state workers to pay higher pension contributions and increase the retirement age at which new employees can receive maximum retirement benefits, among other changes.
This is to let you know that this proposed legislation does not apply to University of California employees, who are under a separate university pension plan, and the state’s proposal does not affect UC’s retirement benefits.
Sincerely,
Dwaine Duckett
Vice President
Systemwide Human Resources