Retirement Benefits Are an Important Part of UC’s Total Compensation
The pension and health benefits UC offers retirees, their dependents, beneficiaries and survivors play a critical role in the University's efforts to recognize the contributions of its employees in serving the needs of the public. These benefits also are an important component in attracting and retaining high-quality faculty and staff to the University.
Maintaining a financially sound retirement plan and quality retiree health benefits is a top priority for UC. However, as UC pension and retiree health benefit costs continue to increase substantially, sustaining these benefits is increasingly difficult with each passing year.
Accordingly, UC has launched two initiatives to help the University develop options for addressing the range of issues associated with sustaining retirement benefits: