The New Pension & Retiree Health Care Plan to be Considered by the Regents Now on the Web

The post-employment benefits plan (pension and retiree health care) proposed by President Yudof is now on the Regents' website for consideration at the December 13 special meeting of the Regents. It is what was previously presented at the November meeting. As previous posts have noted, there will be a two-tier pension plan. It is unclear whether incumbent employees will have the option to switch to the new lower tier. An IRS approval would be needed for that option to be offered.

The proposal is at http://www.universityofcalifornia.edu/regents/regmeet/dec10/j1.pdf

I am not expecting a great deal of controversy among the Regents on this proposal: