Dear FA Membership, Happy New Year. As I mentioned in my fall welcome email (9/28/2015), the Board of the Santa Barbara Faculty Association wants to stay in closer contact with the FA membership and, to that end, is issuing quarterly reports about our activities and issues of common concern. Hence this email! We encourage […]
Below is SBFA’s official letter to members regarding recently proposed changes to the UC pension plan. The University of California is currently considering introducing a new pension plan for its employees hired after 2016. These proposed changes will dramatically reduce pension benefits for most new faculty. The Academic Senate will be reviewing the proposals over […]
Hello SBFA Members, Below are some informational links regarding informational updates on the changes to UC pension and retirement funds as proposed by the UC Regents-appointed task force. The Pension Taskforce Napolitano appointed to come up with options has now reported. Here is a link to the full “Retirement Options Task Force Report to the […]
As many of you know, UCOP has appointed task force of UC faculty, staff and administrators to develop a new set of retirement benefit options for the UC to offer future employees hired on or after July 1, 2016, which has numerous implications for current and new faculty, including reduced pension benefits for future employees. Information […]
“As UC employees consider the possibility of absorbing salary cuts in the form of UC Retirement Plan contributions, many are looking to the performance of the investment program and asking some tough questions.” New Efforts to Address Salary Disparities Between UC and Comparison Universities “In light of the significant disparities between UC salaries and income […]