Regent Gould Talks About Pensions, Tuition, Concerns About Creating New Programs, and Anderson Self-Sufficiency
UC Regents Chair Gould Talks Funds, Pension Plan Jordan Bach-Lombardo, November 30, 2010, Daily Californian http://www.dailycal.org/article/111368/uc_regents_chair_gould_talks_funds_pension_plan The Daily Californian interviewed UC Board of Regents Chair Russell Gould – who previously served as director of the California Department of Finance from 1993 to 1996 – on Nov. 23 about the University of California’s pension fund, which is facing significant changes due to its multibillion dollar funding deficit. Since the state halted contributions to the pension fund in 1990, the fund’s liabilities grew as its assets shrank, resulting in a $14 billion deficit as of August 2010. The regents voted in September…
