The UC Regents approved the lowering of the Lab’s rate from 14% to 11.5%. This will save the Department of Energy and the Lab more than $35 million over the next five years. The reduction does not affect or diminish employee retirement benefits in any way. The new amount will be reflected starting with October payroll notices. More>
Retirement counselors from the UC Office of the President’s Retirement Administration Service Center will discuss UC’s retirement benefits, describe the steps you need to take when you’re ready to retire, and answer questions. The event takes place from 1:30 to 3:30 p.m. in the Building 66 Auditorium, and will be streamed live.
A pre-retirement planning course takes place Sept. 30, Oct. 7, 14 and 23, from 2 to 4:30 p.m. Registration deadline is Sept. 25. A separate three-part workshop on “Designing Your Future Self: Life After UC” will be held Oct. 29, Nov. 5 and 12 (same time) in 150 University Hall. Registration deadline is Oct. 20.
Michael Fehr of UCLA and Naomi Nakamura of UCSF Medical Center have been elected staff representatives to the University of California Retirement System Advisory Board. The Board meets a minimum of three times a year to discuss and share its opinions with UC leadership relating to all members, retirees and their beneficiaries. More>
The Lab would like to thank these employees for their years of dedicated service. The top spot for longest tenure goes to Stephen Derenzo of Life Sciences, with 46 years of service. Derenzo, the longtime organizer of the Runaround, was followed closely by three who clocked in at 37 years: Sally Nasman (Materials Sciences), Harry Meyer (Engineering), and Alan Biocca (ALS). More>
To honor their years of service, the Lab would like to post the names of employees who are retiring at the end of June. Those interested in having their names included can e-mail their division name, years of service, and a photo to email@example.com.
Nearly 100 retirees were recently honored for their years of service, with music, refreshments, a welcome by Deputy Director Horst Simon, presentation by the UC Berkeley Retirement Center,
the EX-L’s Lab retirement group, and Lab Foundation President Ivy Clift.
After 33 years as a electronic engineer at the Advanced Light Source, Woolfe (right) is using his new-found spare time to headline the East Bay Children’s Theatre’s production of the musical “There’s No Business Like Shoe Business.” He plays a kindly cobbler who gets tricked by the wicked Leather Monger. More>
Employer and employee contributions now cover the annual cost of the retirement plan. Additional steps, such as internal borrowing, are also beginning to address the plan’s unfunded liability. More>
He discusses challenges and opportunities in investing UCRP funds, external managers of UC’s investments, and UC position on hedge fund investments, among other topics. The article also includes a link to Bachher’s 10 investment beliefs. More>