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Protect Our Pensions & Benefits
AFSCME is calling for closer scrutiny of the financial holdings of some outside experts who recommend how UC's multibillion-dollar asset and retirement portfolios should be invested. According to the union, some of the unpaid advisers to the governing Board of Regents have a financial stake in or a direct family connection to companies that manage hundreds of millions of dollars in UC investment accounts. [ more ]
The UC regent whose pension fund overhaul may have cost the university billions is now in a position to play with even more of the public’s money. [ visit site ]
UC has rescheduled the start date for employee contributions, originally planned for 7/1/07. For the past 12 months, more than 60,000 UC Union members have put tremendous pressure on the University over their planned pension paycuts. [ more ] |
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