As many of you know, UCOP has appointed task force of UC faculty, staff and administrators to develop a new set of retirement benefit options for the UC to offer future employees hired on or after July 1, 2016, which has numerous implications for current and new faculty, including reduced pension benefits for future employees. Information on that task force can be found here.
For information surrounding this issue you may visit this page on the Remaking the University blog, which gives an outline of the issue as well as important points to consider .
For a more thorough explanation on so-called “orphan” pensions, Dan Mitchell wrote this piece for the UCLA Faculty Association blog.