Wednesday, May 31, 2006

UC: Pension promises will be kept

ROGER SNODGRASS,, Monitor Assistant Editor

Laboratory retirees, including many elderly couples, nearly filled the Duane Smith Auditorium Tuesday evening. They heard the first direct communication from the University of California since learning indirectly in January that the university was proposing to spin them off into a separate retirement plan within the system.

Judy Ackerhalt, UC's executive director of human resources and benefits from the Office of the President, discussed the two main issues, pensions and benefits, with the help of staff and other responsible officials.

Judging by the number of questions asked, there was a high degree of interest in UC's still indefinite plans for the pensions for retirees of Los Alamos National Laboratory.


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Oh, thank you, thank you!!

[Sounds of boots being licked at the prospect of receiving what was owed...]

Thank you!
"She reaffirmed a commitment made by Pres. Robert C. Dynes that employees would receive the defined benefits they had earned and had been promised."

Well I certainly feel much better about all of this now. I'm glad we cleared that up.
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