Fighting For Funding In Addition To Administrative Reductions
Wednesday, June 16, 2021
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Next week, I volition last going alongside several hymeneals leaders to beak to field legislators regarding the UC budget. We volition suggest that the field limits Governor Brown’s funding cuts if the UC promises to cut down its administrative costs past times $500 million. Our strategy is to assist restore funding as well as to protect vital services without having to resort to furloughs, layoffs, as well as tuition increases.
Here are the administrative savings AFSCME as well as UC-AFT volition acquaint to field legislators:
1. Eliminate $530 meg inwards Management Inefficiencies.
Since 2004, UC’s direction has grown twice every bit fast every bit non-management employees. In fact, $1.6 billion inwards cash compensation went to direction inwards 2009. Thus, adjusting UC’s system-wide direction ratio from 7:1 to 10:1 would salvage over $530 meg annually. Also, inwards add-on to cash compensation, UC’s senior managers are compensated through a release of supplemental health, welfare, as well as retirement benefits. Many of the senior managers who have these benefits are paid through field funds, causing this produce goodness to include field funding.
2. Eliminating the Senior Management Supplemental Benefit Program would result inwards $2.5 meg inwards savings annually. UC puts 5% of virtually 200 highly paid executives’ annual pay into retirement savings accounts. These funds are available to executives afterwards they retire, inwards add-on to UC’s measure retirement benefits. The toll of this supplemental produce goodness is virtually $2.5 meg per year. One UC Task Force recommended that this programme last eliminated as well as that “other compensation solutions should last developed as well as adopted” for senior managers.
3. Eliminating the 415(m) Restoration Plan would salvage $20 meg each twelvemonth afterwards 2020. This innovation generally benefits long-service, high-income faculty as well as senior managers past times supplementing their annual retirement income alongside additional income beyond the $195,000 pension bound established past times the Internal Revenue Code.
These reductions would last rattling pop alongside Earth as well as the legislature, as well as they could strength the direction to modify its priorities.
Here are the administrative savings AFSCME as well as UC-AFT volition acquaint to field legislators:
1. Eliminate $530 meg inwards Management Inefficiencies.
Since 2004, UC’s direction has grown twice every bit fast every bit non-management employees. In fact, $1.6 billion inwards cash compensation went to direction inwards 2009. Thus, adjusting UC’s system-wide direction ratio from 7:1 to 10:1 would salvage over $530 meg annually. Also, inwards add-on to cash compensation, UC’s senior managers are compensated through a release of supplemental health, welfare, as well as retirement benefits. Many of the senior managers who have these benefits are paid through field funds, causing this produce goodness to include field funding.
2. Eliminating the Senior Management Supplemental Benefit Program would result inwards $2.5 meg inwards savings annually. UC puts 5% of virtually 200 highly paid executives’ annual pay into retirement savings accounts. These funds are available to executives afterwards they retire, inwards add-on to UC’s measure retirement benefits. The toll of this supplemental produce goodness is virtually $2.5 meg per year. One UC Task Force recommended that this programme last eliminated as well as that “other compensation solutions should last developed as well as adopted” for senior managers.
3. Eliminating the 415(m) Restoration Plan would salvage $20 meg each twelvemonth afterwards 2020. This innovation generally benefits long-service, high-income faculty as well as senior managers past times supplementing their annual retirement income alongside additional income beyond the $195,000 pension bound established past times the Internal Revenue Code.
These reductions would last rattling pop alongside Earth as well as the legislature, as well as they could strength the direction to modify its priorities.