Briefing: News for UC Faculty and Staff

< July 2006

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In This Issue: en Español Feature Article \| UC People \| Benefits Q&A \| Briefs

Feature Article
Is It Time to Diversify Your Portfolio? It was your first week as a new UC employee, and there were just too many decisions to make. You knew you wanted to start saving for your retirement, so you enrolled in UC’s Tax-Deferred 403(b) Plan and designated a fund for your contributions. Now, months, even years have gone by and your 403(b) Plan contributions are still being invested in the same single fund. If you haven’t done so already, now is a good time to take a look at your whole investment portfolio—including your Defined Contribution and 457 Deferred Compensation Plan accounts—to determine if it is properly diversified. More>> Regents continue plans for gradual reinstatement of needed UCRP contributions At their May meeting, The UC Regents continued their discussions about how to ensure the long-term financial health of the UC Retirement Plan (UCRP), including the eventual restart of contributions by both UC and UCRP members. UCRP is a defined benefit pension plan that pays lifetime monthly benefits to members when they retire. More>> Go to the Top	Can't find what you want? Directories and Contacts Forms and Publications Search the website Email Customer Service
UC People
Beginning with this issue, HR/B Briefing will share stories of faculty and staff accomplishments at UC locations. More>> Go to the Top
Briefs
Regents Endorse Compensation Task Force Recommendations In mid-May, the UC Board of Regents endorsed the recommendations of a key task force and adopted several supporting actions regarding compensation issues at the University. UC President Robert C. Dynes also unveiled a plan to reform numerous UC compensation policies and practices programs. The actions taken are intended to improve compensation decisions, enhance public accountability regarding and disclosure of compensation actions, while also allowing the University to remain competitive for talented faculty and staff. More information about these matters, including Regents’ statements, a copy of Dynes’ letter to the board, and details on all the compensation-related items is available online. Your Online Resources For the latest UC news about Human Resources and Benefits: At Your Service For your service credit, UCRP retirement benefit estimates, CAP balance (if applicable), and insurance enrollments: At Your Service Online For your Retirement Savings Program benefits (DC, 403(b) and 457(b) Plans): FITSCo required for all UC staff and faculty, will launch this month at the UC Office of the President. Senior leaders at all locations will be the first to take the briefing. The briefing will be rolled at the other UC locations over the next three months. The purpose of the 30-minute briefing is to familiarize all UC employees with the Statement of Ethical Values and Standards of Ethical Conduct, which were adopted by the UC Regents in January 2006. Visit the UC ethics website for background information, resources and updates on when the briefing will be available at your location Academic personnel policy update Summary of Academic Personnel Manual (APM) policies issued APM sections and proposals under formal review Go to the Top
Benefits Q & A
In this issue we’re introducing this new feature which provides answers to a few questions that employees frequently ask their Benefits Representatives. More>>