UC Again in Danger of Being Swept into Statewide Pension Changes
There are various indications that now that the legislature is done (for a time) in dealing with the state budget, its attention is turning toward public pensions. Under the governor’s plan, UC would be swept into a statewide program that would override the changes adopted by the Regents in December 2010. Among the changes in the governor’s plan would be that the new lower tier would not be exclusively defined benefit but would have to be a hybrid mix of defined benefit and defined contribution. There would also be a cap of some type on total benefits. (Unclear exactly how…
