2015 |
May 14 |
President Napolitano announces $1 billion multi-year budget agreement with Gov. Brown, as part of overall effort to maintain UC’s excellence and sustain its long-term financial health. The agreement includes $436 million to help UC pay down its pension liability and commitment from UC for new retirement benefits for future employees. |
Aug. 7 |
President Napolitano appoints systemwide task force to help develop new set of retirement benefits options. |
Dec. 15 |
Task force submits recommendations on new retirement benefits. |
2016 |
Jan. 15 – Feb. 15 |
UC faculty and staff submit feedback on task force recommendations via dedicated website. Academic Senate reviews and submits comments to President Napolitano about the recommendations. |
Feb. 1 & 10 |
Webinar discussions with UC community about the task force recommendations. |
March 23–24 |
President Napolitano brings proposal to the Regents. |
July 1 |
New benefits for future employees take effect. |