Tuesday, November 2, 2010
Sacramento Bee, UC President Recommends Cutting Retirement Benefits
UC President Mark Yudof has ... laid out proposals to raise the minimum retirement age for future UC employees and reduce retiree health care benefits for existing employees. ... Under his proposals, employees hired by UC after July 1, 2013 would be eligible for retirement at age 55 (instead of age 50 for current employees) and could receive their maximum pension benefits at age 65 (instead of age 60 for current employees). Current employees would have less of their health care costs during retirement covered by the university, with costs being set by a graduated scale based on years of service and age at retirement.