SUBJECT:

Retirement Benefits Forums - Update

The Post-Employment Benefits Task Force will be visiting UC San Diego on Wednesday, April 7, 2010 to provide an update to faculty, staff and retirees on its work and the range of options it is considering for pension and retirement health benefits. The Task Force will also share the results of the recent employee benefits preference survey.

Forums will be held in the Price Center East Ballroom from 8:30 a.m. to 10:30 a.m. for Staff and retired Staff, and from 11:00 a.m. to 1:00 p.m. for Faculty and Academic employees and retired Faculty and Academics.

The sessions are a follow up to the Task Force forums held last fall in which the task force members laid out the issues confronting the University of California in sustaining the current pension and retiree health benefits.

UC President Mark Yudof appointed the Task Force in March 2009, and charged it with reviewing current retirement benefits and developing options for balancing the long-term costs of pension and retiree health benefits with the need to provide sustainable post-employment benefits to faculty and staff.

The Task Force has been studying the issues and weighing input from the UC community. It will make recommendations to President Yudof later this summer on ways to change the funding and policies for post-employment benefits.

Executive Director Randy Scott and Director Gary Schlimgen from the Office of the President Human Resources Department will make the presentation. A panel comprised of representatives from the Task Force will answer questions and listen to attendees' comments and input after the presentation.

For more information on the Post-Employment Benefits Task Force, including a recording of the fall forums presentation, visit the Future of UC Retirement Benefits website at:

http://www.universityofcalifornia.edu/news/ucrpfuture/emp_task.html

A video of the forums will be available as a podcast on Blink after the event.

Inquiries regarding the forum for Staff may be directed to Jackie Edwards, Human Resources Department Benefits Office at (858) 534-2816 or joedwards@ucsd.edu. Inquiries regarding the forum for Faculty and Academic employees may be directed to Kelly Maheu, Academic Personnel at (858) 822-3509 or kmaheu@ucsd.edu.

Thomas R. Leet Assistant Vice Chancellor - Human Resources Kristina K. Larsen Assistant Vice Chancellor - Academic Personnel