UC’s Pension at Least Gets a Mention
UC’s pension system (and its funding problem) is often lost in articles about public pensions in California. Usually the focus at the state level is on the big CalPERS and CalSTRS funds. Or it is on particular municipal pensions such as the pension of the bankrupt city Vallejo. The calpensions.com website, in an article today, did mention UC as part of a general discussion. The full article is at:http://calpensions.com/2010/07/22/pensions-the-good-the-bad-and-california/ The UC excerpt: “The UC Retirement System ended a two-decade contribution “holiday” this year. Neither employer nor employee paid into the system, while costs were covered by investment earnings. A required…
