With Dignity

When we first took note of the Regents' preliminary agenda for this week, we noted that there was an action item involving the incorporation of Dignity hospital employees into UCRP and wondered what the implication of that incorporation would be for the unfunded pension liability.*

Now we have a more detailed agenda. It is estimated that the added liability - estimated at this time to be about $30 million - will be paid for by the acquired facilities. Since the acquisition is by UC-San Francisco, that essentially means that UC-SF will make the pension plan whole for the added liability.

The full agenda item with the estimate and the proposed action is at:

https://regents.universityofcalifornia.edu/regmeet/july24/f7.pdf.

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*https://uclafacultyassociation.blogspot.com/2024/07/upcoming-regents-meetings-july-16-18.html.