Close to the Vest

CUCEA and CUCRA, the retirement associations for emeriti and staff, respectively, held a joint Zoom video conference yesterday. At one point, a question about retiree health insurance was put to EVP and Chief Financial Officer Nathan Brostrom from the "chat" function which asked in broad philosophical terms about guiding principles for the benefit. 

Brostrom first spoke about UC Health moving to provide service to areas where it was not much present. But he then noted that the retiree health benefit had a quasi-vested character, although it was not legally vested. We provide the question and then the response concerning quasi-vesting for the record. You can hear it at the link below.

Or direct to https://archive.org/details/regents-health-services-committee-10-19-22/Brostrom+on+Status+of+Retiree+Health+CUCEA-CUCRA+10-26-2022.wmv

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To hear the text above followed by the audio, click on the link below:

https://ia601402.us.archive.org/25/items/big-ten/quasi-vest%20text.mp3 

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Chatting about vesting