UC 411: Labor leaders say UC benefits changes would hurt lower-income employees

“The regents Thursday are expected to approve increases in the amounts employees and the university must pay toward retirement benefits. For employees, the figure is expected to rise over the next two years from the current 2%, to 5% of their paychecks and for the university, from 4% to 10% of payroll. Until this year, neither side had made any payments for 20 years, turning what had once been an over-funded system into one with potentially huge deficits.

Some union leaders said it would be hard to agree to such increases without pay raises.”

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