Letter to the UC Regents Re: Pension Plan Changes
Patricia E. Erickson, Former member of the UCRS Advisory Board, LLNL
Benefits/Retirement Counselor
September 12, 2000
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA
RE: University of California Retirement System (UCRS)
The purpose of my letter is to voice my personal outrage at the recent
events regarding the UC Board of Regents removal of UC Treasurer Patricia
Small, and my concern for the future of the UC pension plan. I am further
dismayed by:
$697,000 of the UC pension fund being spent on contracts (some of them
no-bid) to Wilshire & Associates to review a pension fund that did not need
reviewing.
A letter from Judith Hopkinson stating to UC employees that the review was
conducted with input from the UC Treasurer's Office. It is my understanding
that the UC Treasurer's Office was ignored when they asked to meet with
Wilshire & Associates and was not in on the review process. The UC
Treasurer was ignored when she asked to see the Wilshire Report before it
was sent to the Regents. I know this happened because I sat on the UCRS
Advisory Board when this occurred.
The UC Board of Regents allowing a no-bid contract to go to a financial
firm that has close personal and political ties to UC Regent Gerald Parsky.
Regents Bustamante and Connerly honorably voted against the no-bid contract
to Wilshire.
http://www.spse.org/Letters_to_Editor.html
Because its WRECKABLE,right!
http://www.pir.org/main2/Gerald_L_Parsky.html
PARSKY GERALD L
� � Council on Foreign Relations. Membership Roster. 2001
� � Emerson,S. The American House of Saud. 1985 (112-4, 329)
� � Levins,H. Arab Reach. 1983 (236)
� � Sklar,H. Trilateralism. 1980 (105)
� � Truell,P. Gurwin,L. False Profits. 1992 (106)
� � Washington Post 1989-01-24 (A4)
� � Weinberg,S. Armand Hammer: The Untold Story. 1989 (280)
Social Diagram.
http://www.pir.org/cgi-bin/nbonlin6.cgi?_PARSKY_GERALD_L
