|eBulletin for Administrative Professionals
Researchers and technical contract means full-speed ahead for administrative professionals
UC employees without the protection of a union have taken the brunt of UC’s cutbacks and we deserve the same level of protection as other employees. To see what a difference a union contract makes, compare employees covered by a contract to those without one.
Administrative professionals meet in LA to plan next steps
Pension benefits threatened
While each of these proposals represents a decrease in both access to and the level of benefits, the creation of a defined contribution plan is the most disturbing. While UCOP’s Post-Employment Benefits Task Force describes this as a “choice” for new hires, it has chilling implications for all UC employees.
When UC begins offering different tiers of benefits, we all suffer. Not only do our co-workers get worse benefits than we do, but fewer participants in the defined benefits plan means that there is less principal to invest and a greater risk to share among fewer plan participants. In addition, study after study shows that defined contribution plans (like 401k and 403b plans) have much lower yields than defined benefit plans. And the employee assumes all the risk for a defined contribution plan. For more information about defined benefit plans, see the Primer on Public Pension plans.
We don’t yet know what the Regents will recommend at their meeting, but stay tuned to UPTE-CWA Local 9119 or look for us on Facebook and we’ll keep you posted. In the meantime, the best way to protect your future at UC is to support UPTE-CWA. If you support a union for administrative professional employees, sign here.
This bulletin provides a resource for workplace issues affecting UC’s staff professionals and ways we can work together to solve them. It also keeps us updated on administrative professionals’ organizing efforts with the University Professional and Technical Employees union (UPTE).