The Future of UC Retirement Benefits

2010 Task Force Report

• Download the Executive Summary [August 30, 2010]
• Download the full Report [August 30, 2010]
• Financial Highlights
• Appendices (Table of contents & master document)
  • Appendix A – Charge to the Post-Employment Benefits Task Force
  • Appendix B – Glossary of Terms
  • Appendix C – Dissenting Statement Location
  • Appendix D – Regents’ Action Item, November 2005 on Total Remuneration
  • Appendix E – Post-Employment Benefits Survey Invitation and Questionnaires
  • Appendix F – Retirement Program Changes on Workforce Behavior
  • Appendix G – UC Emeriti Bibliographic Survey 2007-2009, CUCEA
  • Appendix H – Update to 2009 Total Remuneration Study for New Tier Options
    • Plan Design A
    • Plan Design B
    • Plan Design C
  • Appendix I – Proposed Draft Attachment to September Regents’ Item – PEB Communications
  • Appendix J – Sustaining State Retirement Benefits: Recent State Legislation Affecting Public Retirement Plans
  • Appendix K – Background Articles
    • Trends in Retirement Benefits
    • Public Plan DB DC Choices; Redefining Traditional Plans
    • Different Pension Designs: Defined Benefit and Defined Contributions
    • Overview of three discussion papers on Defined Benefit & Defined Contribution Pension Plans
  • Appendix L – UCRP Background
    • UCRP July 1, 2009 Actuarial Valuation Report
    • University of California Retirement Plan, an Historical Perspective
    • University of California Retirement Plan Contributions 1976-1993
    • History of $19 Offset to UCRP Member Contributions
    • Demographics
    • History of UCRP Investment Returns
    • Funding Policy History
    • Restart of UCRP Contributions
    • UCRP Funded Ratio History
    • CalPERS CalSTRS and Comparator 8 Plans
    • Comparison of New Plan Provisions for Various California Public Sector Entities
    • Proposed Pension Reform Highlights from Current Governor and Select 2010 California Gubernatorial Candidates
    • Summary of Recent Plan Design Changes for Various State Plans
    • The Regents’ Actuary, Segal – UCRP, Pension Plan Funding and Investment Performance
  • Appendix M – Work Team Materials: New Tier Modeling
  • Appendix N – Background Articles
    • At a Crossroads: The Financing and Future of Health Benefits for State and Local Government Employees
    • Health Care in Retirement: Methods for Coverage and Funding
  • Appendix O – Retiree Health Background
    • Demographics
    • Program Summary
    • Projected “Pay-as-you-go” Costs 2009-2014
    • Projected Balance Sheet Obligation 2009-2014
    • Retiree Health Programs for other California Public Employers and Comparator 8 Institutions
  • Appendix Q – Work Team Materials: Analysis of Final Proposed Plan Design
  • Appendix R – The Regents Actuary – Segal
  • Appendix S – Risk Valuation Analysis
  • • Risk Valuation Analysis Discussion
    • Faculty Comments on “Risk Valuation Analysis Discussion”
  • Appendix T -
    • Perspectives on Pension and Retiree Health Obligation Bonds
• Dissenting Statement [August 30. 2010]
• Response to Dissenting Statement [September 14, 2010]
• A Critique of “Response to Dissenting Statement” [September 30, 2010]
• Response to the Critique [October 1st, 2010]
• Letter from the chair of the UCRS Advisory Board to President Yudof [October 28, 2010]
• Comments