Everyone should be able to retire with dignity with a pension after a lifetime of work. Productivity has increased dramatically over the last 30 years, but most of this increased income has gone to the top 1 percent of earners. At the same time, these earners in the top 1 Read More…
UC students appreciate that faculty achievements have made their university among the very best in the world. Many also know that UC faculty members have long been underpaid compared to faculty members at our peer universities. Historically, however, lower salaries were balanced by a superb retirement system. In return for Read More…
The UC Board of Regents approved an action item at their meeting on July 17th to increase the rates of contributions made by the university and its faculty and staff to the UC Retirement Plan (UCRP) for the 2014-2015 school year. Read More…
Berkeley City Council passed a resolution at their Tuesday meeting to publish a biennial report on the city’s unfunded liabilities, an issue that has been a concern for residents and city officials in recent months. The adopted resolution asks that the city manager create a report of the city’s unfunded Read More…
At a Berkeley City Council meeting on Feb. 9, 2010, Councilmember Laurie Capitelli said that the consequences of not dealing with a pensions system that costs the city millions of dollars each year “could be really bad” and that “we don’t want to just kick the can further down the Read More…
In deciding how to contend with the city’s aging infrastructure, Berkeley City Council discussed potential ballot measures Tuesday for the November 2012 election. The purpose of the council’s discussion at its meeting Tuesday night was to begin determining what types of projects the council should consider funding through 2012 ballot Read More…
When Berkeley’s city manager Phil Kamlarz retired in November 2011, he took nearly a quarter of a million dollars in annual pensions with him, raising eyebrows over the current pension system and the security of Berkeley’s financial future. Kamlarz, who worked for the city for 36 years, will have an Read More…
