Salary reductions, furloughs on deck for UC system

University of California President Mark Yudof has announced plans for a new proposal targeting salary reductions and furloughs as the University of California struggles to come to terms with its burdening budget crisis. The Board of Regents will meet next week to discuss the proposals, which would go into effect  Sept. 1.
 
The finalized measures would remain through Aug. 31 next year, but under subject of renewal by the UC Regents.
 
Details of the actions are yet to be finalized, however, it is understood that the salary reductions vary from 4 to 10 percent and certain categories of employees would not be affected. The president also has said that employee’s retirement benefits should be protected.
 
Under the plan, furloughs would  be implemented and would range from 11 to 26 days, in a seven-tiered system, increasing as the wage reduction rises. It is hoped this proposal will stem the need for further redundancies and contribute an estimated $515 million to the financial recovery process at UC schools.
 
The proposals will be discussed in an open meeting by the regents on July 15. 

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