Resolutions

Resolution Number ANA07.10

Supporting Shared Governance Of The University Of California Retirement Plan

WHEREAS, the University of California is one of the largest public sector employers in the state, with 122,000 employees and 37,000 retirees who are members of the University of California Retirement Plan (UCRP); and

WHEREAS, the UCRP is unilaterally managed by the Regents of the University of California with no shared governance with plan participants; and pension plans with shared governance provide better benefits for workers, are generally financially healthier, and have proven to be far more secure than unilaterally managed plans; and

WHEREAS, the UCRP is required to remain financially strong so that the University of California may recruit and retain employees who make the University of California a world-class institution and so that employees may retire with dignity and with the benefits they were promised;

THEREFORE BE IT RESOLVED, that the California Democratic Party urges the Regents of the University of California to provide for shared governance of the University of California Retirement Plan, exercising its authority under Section 9 of Article IX of the California Constitution, by including an equal number of trustees representing the employer, faculty and staff plan participants, similar to the Public Employees' Retirement System and the State Teachers' Retirement System; and

BE IT FURTHER RESOLVED, that the California Democratic Party supports current efforts in the Legislature to encourage the Regents to achieve this end and will send copies of this resolution to the U.C. Regents, and members of the Senate and Assembly Education Committees.

Submitted by Los Angeles County Democratic Party;
Chad Jones, Executive Board Member, 38th AD

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Adopted by the Executive Board
Of the California Democratic Party
At Its Executive Board Meeting
Sheraton Hotel, Anaheim
November 18, 2007