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CUE in Merced with the First Lady

CUE members from Northern California attended the UC Merced graduation ceremonies in May. First Lady Michelle Obama gave the commencement address. We went to express our distress at the way UC is handling contract negotiations and the hypocrisy of overpaying administrators while claiming to have no money for decent raises.

sample Click for photos.

There was no breeze, no trees at the former golf course where the commencement ceremony was held. Thousands of bottles of water were handed out (48,000 bottles purchased or donated). Despite that, eight people were sent to the hospital with heat-related symptoms. Nearly 80 went to the first aid tents with problems or perhaps a burning desire to escape the sun for a minute.

UC claims they have no money to pay workers. They are raising student fees next year by more than 9%, yet the budget for this graduation was estimated to be about $700,000. The rationale is that it will provide publicity worldwide, since Merced is an unknown entity.

Mark Yudof, UC's president (and Richard Blum's flak), said "to the faculty and staff... I want to thank you. Your work matters. These graduates would not be here today without you." Thank you, Mr. Yudof. Where's our raise?

Among other activities, CUE distributed flyers that looked like what appears below the line.


University President For Sale

My job "is like being manager of a cemetery," Yudof joked.   "There are many people under me, but no one is listening."

$828,000 annual base salary

Plus these other elements of the compensation package.

Post-retirement agreement:

Supplemental pension funding will be provided to a vested single life annuity at the end of each of the first 7 years of employment of approximately
Year 1 $29,554
Year 2 $60,217
Year 3 $92,029
Year 4 $127,307
Year 5 $230,000
Year 6 $300,000
Year 7 $350,000

For years 8 and beyond, funding will occur in accordance with the normal UCRP funding policy that is applicable to funding the benefits of all UCRP members.

An exemption to the policy of $25,000 in moving expenses
was approved by the Regents [see below]

Total UC Yudoff compensation for 2008: $228,000.00

Can you afford him?
UC CAN NOT!


 

    Moving expenses
 $9,900.00/mo for two-years leased housing
 $1,360.00/mo for rental furnishings
 $2,598.00 for initial house hunting
$15,292.00 for library moving expenses
$74,356.00 for other personal moving expenses


UC staff has no representation on
  the UC Retirement Plan (UCRP).
We had neither voice nor vote on the above expenditures
or any investment decisions made regarding our money.


W E   W A N T   V O I C E  &  V O T E   O N  T H E   U C R P

VOTE FOR SCROOGE 2009
 

  Links for your reading pleasure...

    We pass the savings on  
 to Yudof
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