I was struggling with this too but have the answer... what you want to do is "Paste in Front" not "Paste in Place" because that behaviour has changed (grrr). Best thing to do is go to Edit>Keyboard Shortcuts... select "Menu Commands" and then the "Edit" menu. Click on the spot to make a shortcut and press Command-F. It will tell you that the shortcut is overwriting the shortcut for "Paste in Place" - that's OK, that's what you want to do. Save the shortcuts and you're back to the way it was. Make it part of your custom workspace and syn it so its saved.
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