Following the statewide labor union strike in May, a bargaining meeting was scheduled between AFSCME 3299 and UC Davis on Aug. 29. But this meeting was canceled by UC executives despite both parties agreeing to the meeting time. Actions like these, as well as the subcontracting of service jobs and the University’s refusal to address pay inequity based on race and gender, demonstrate intentional disregard for its lowest-paid members, the majority of whom are Black or brown. Union members announced at Wednesday’s UC Regents meeting that the AFSCME 3299 membership will be voting Oct. 9 and Oct. 10 on whether they will be going on strike again in the fall.

Read full article [here].
by Prajay Lolabattu, The Daily Bruin.

Posted: October 1st, 2018, by: admin. Categories: . Awaiting Comments.

Though I have worked throughout California, over the course of my career in government and the private sector I have fought for numerous causes that have directly and positively impacted residents of the San Joaquin Valley: improving Highway 99, increasing affordable housing in underserved areas, delivering access to broadband internet and securing a sustainable water future. The San Joaquin Valley has its own distinct history, community identity and policy concerns. Thus, a voice on the UC Board from the region is urgently needed to accurately reflect the experiences of the tens of thousands of students from the area who are making their college-selection decisions each year.

Read full article [here].
by Sunne Wright McPeak, The San Jose Mercury News.

Posted: September 28th, 2018, by: admin. Categories: . Awaiting Comments.

The University of California’s massive health network brings in nearly half of UC’s revenue, but regents were told Thursday that its existence could be in peril if it isn’t able to be nimble and change. The highly ranked health system of five medical centers and 18 health professional schools is one of the largest in the nation. But it needs to be more flexible — and more independent of the UC Office of the President — to adjust to a rapidly shifting healthcare landscape and stay competitive, university health care officials told regents at their meeting at UCLA.

Read full article [here].
by Teresa Watanabe, The Los Angeles Times.

Posted: September 27th, 2018, by: admin. Categories: . Awaiting Comments.

The governing board of the University of California met for the second day of its September meeting at UCLA on Wednesday. The Board of Regents discussed the UC Center Sacramento, relations with the Native American community and recent audits.

Read full article [here].
by Omar Said, The Daily Bruin.

Posted: September 27th, 2018, by: admin. Categories: . Awaiting Comments.

Fearing for their job security as more positions are outsourced, the University of California‘s largest employee union says its members will vote next month on whether to strike for the second time this year. Leaders with the American Federation of State, County and Municipal Employees, Local 3299 made the announcement at Wednesday’s U.C. Board of Regents meeting in Oakland amid stalled labor negotiations… The vote — set for Oct. 9 and 10 — follows a three-day walkout by 53,000 UC workers last May over the University’s outsourcing practices. The union claims the move is fueling income, gender, and racial inequality within the UC workforce.

Read full article [here].
by Kevin Smith, The Press-Enterprise.

Posted: September 26th, 2018, by: admin. Categories: . Awaiting Comments.

After initially circling the wagons in defense of chief investment officer Jagdeep Bachher, University of California officials planned to tackle allegations against him in a closed-door meeting Tuesday, UC president Janet Napolitano told Institutional Investor. “That is the subject of the closed session,” Napolitano said Tuesday afternoon, when asked if UC would take any action on or investigate the claims of mismanagement. “I don’t think it is appropriate for me to discuss until the closed session has concluded.”

Read full article [here].
by Leanna Orr, Institutional Investor.

Posted: September 26th, 2018, by: admin. Categories: . Awaiting Comments.

University of California regents will gather this week to discuss faculty diversity, policies on Native American remains and artifacts and the ongoing effort to add more California students without further squeezing those already enrolled… Students are pushing for a 10% reduction in tuition or an equivalent increase in financial aid. They also want the university system to spend more on mental health services, academic advising and support for immigrant, low-income and underrepresented minority students. The UC meanwhile has a host of pressing needs, including more student housing and classroom space, technology upgrades, building repairs and a way to manage the rising costs of retiree benefits. All of it will take more permanent state funding, say UC supporters, who are hopeful the next California governor will be more generous than Gov. Jerry Brown.

Read full article [here].
by Teresa Watanabe, The Los Angeles Times.

Posted: September 25th, 2018, by: admin. Categories: . Awaiting Comments.

The endowment returned an annualized net 6.5% for the three years ended June 30, compared to the custom benchmark’s 6.2%; 8.8% for the five-year period (benchmark 7.7%); 6.4% for 10 years (5.6%); and 6.7% for 20 years (5.6%). The endowment returned 15.1% in the previous fiscal year. The pension fund’s annualized net return for the three years ended June 30 was 6.5%, compared to the benchmark’s 6.6%; five years, 8.2% (7.7%); 10 years, 6.4% (5.8%); and 20 years, 6% (5.6%).

Read full article [here].
by James Comtois, Pensions and Investments.

Posted: September 21st, 2018, by: admin. Categories: . Awaiting Comments.

The California Public Employment Relations Board, or PERB, issued a formal complaint on behalf of the UC’s largest employee union against the UC Board of Regents for allegedly violating state laws that protect workers’ access to their union. The complaint alleges that the UC withheld employee contact information from unions and distributed mass communications to employees without consulting union members, according to a press release from the American Federation of State, County and Municipal Employees, or AFSCME, Local 3299.

Read full article [here].
by Amanda Bradford, The Daily Californian.

Posted: September 21st, 2018, by: admin. Categories: . Awaiting Comments.

Haunted by costly degrees and insurmountable student debt, American college students now spend more time working paid jobs than in lectures, the library or studying at home. “The economics of the debt crisis have become a major distraction to students’ education,” said John Hupalo, founder and chief executive officer of Invite Education, an education financial planner… “The fundamental issue is that families and students don’t have a realistic knowledge of the actual cost of an education in advance,” Hupalo said.

Read full article [here].
by Riley Griffin , Bloomberg.

Posted: September 20th, 2018, by: admin. Categories: . Awaiting Comments.