(7/30) Impacts bargaining update, Board meeting
Check out our new impacts bargaining update video:
- Please join us in supporting our PT librarians, ESL and non credit faculty at this week’s Board of Trustees meeting Thurs. 7/30 at 4pm.
- Affected faculty are working on letters that lay out the impacts of these cuts. If you’d like to sign on to letters of support for laid-off part time faculty, let them know by adding your name here.
(7/30 & 8/1) WERF: Mayor Breed needs to hear from us this week!
On July 14, Supervisor Mar and 4 co-sponsors introduced an ordinance to establish the WERF as a 2 year pilot program that would bring $15 million annually to City College if Mayor Breed allocates the funds in her budget. The Mayor needs to hear from us this week as she is making critical decisions about the City’s budget by August 1st. Here’s how you can help:
- Sign on to shared our WERF letter writing campaign please do so now. Send a letter to Mayor Breed and SF Supes about WERF.
- Already signed on to the letter writing campaign? The current plan is to establish the WERF through this year’s budget process which is happening RIGHT NOW. Please join our WERF Listening Session on Thursday 7/30 at 10am to learn more about the current version of WERF, give us feedback, and find more ways to advocate in support of it!
- Please RSVP: https://forms.gle/EL97BR5CHTQFfVd56
- To join use this link: https://tinyurl.com/WERFLiSe
(8/5) Protecting Part-timers Town Hall
On Wed. 8/5 at 10am please join our upcoming Town Hall on how we can work together to protect faculty who work part time.
To attend go to https://tinyurl.com/y33erg98 OR call 1-669-900-6833 and follow the prompts to enter the Meeting ID: 864 3658 6636 and Password: 103985.
(8/12, 10am-12pm) COPE meeting on District 11 endorsements, more
Save the date! On Wednesday, 8/12 between 10am-12pm all AFT 2121 members are invited to participate in our next COPE meeting.
To attend go to https://tinyurl.com/y6cd7bkb OR call 1-669-900-6833 and follow the prompts to enter the Meeting ID: 996 7015 2032 and Password: 519184.
What is OPEB?
The District has backed off their planned layoffs and proposed wage concessions for now. Instead, they’re proposing to borrow $21 million from the OPEB (Other Post-Employment Benefits) fund. The BOT will decide this week. OPEB is a fund designed to save money for the medical plans of future full-time retirees, and that sounds scary. But AFT 2121 retirees Doug Orr and Susana Atwood dug into the issue and have found that it’s not as bad as it sounds.
Our OPEB fund is a bit like the post office’s pre-paid retirement fund – created because the law demanded it, not because there was a true need.
▪ Prior to 2008 CCSF had no OPEB Trust Fund. An Accounting rule effective in 2004 (GASB 45) required the creation of a Retiree Health Care Trust Fund for future retiree Medical/Dental Benefits.
▪ Annual cost of retiree claims are about 10.5 million and are paid on a “pay-as-you-go” basis.
▪ Borrowing from the OPEB fund does not affect current retirees’ medical or dental claims payments. Payments are still made by “pay-as-you-go”.
▪ The District’s plan is to borrow from the OPEB Trust Fund for two years’ worth of claim payments (2019/2020 and 2020/2021), for a total of $21 million leaving $7 million in the fund.
▪ The OPEB Fund was an issue during the accreditation crisis. The new Chancellor says he has assurances that this borrowing should not affect our accreditation.
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