UC Executive Pension Issue Discussed on Local Radio Program
KPCC’s Patt Morrison interviewed Nanette Asimov of the San Francisco Chronicle who broke the story on the demand by high-paid UC executives for lifting the cap on their pensions.
One tidbit that comes out is that – so far at least – no one has located a Regents vote in 1999 that said the pension cap would go up if the IRS approved. (The IRS did approve several years later.) Apparently, a committee of the Regents endorsed the idea back then, but if there was no vote of the full body, it is difficult to see how a legal commitment to lift the cap could have occurred.
Yudof’s opposition to the pension hike is mentioned.
The station’s website does not seem to have a way of embedding the broadcast. So I downloaded the podcast and uploaded it for embedding below:
