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Retiree Health Benefit Changes Coming in July

About half of current faculty and staff will be affected by new eligibility rules for retiree health benefits that go into effect on July 1, 2013. These rules were approved by the Regents in December 2010 as part of a series of reforms to address the $14.5 billion unfunded liability in the retiree health program, and to help sustain the long-term viability of the program. The Regents also approved a new pension tier for employees hired or re-hired July 1, 2013 and later. The new pension tier does not apply to current employees unless they leave employment and return at a later date. More>

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  1. Rick Firestone says:

    I assume that since the stock market recovered there is no longer a pension deficit. Younger staff now get paid less with fewer benefits. UC recruitment will suffer.

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