UC Manhattan Project Legacy Potentially Blows Up Over Issue of Retiree Health Care
For many years, going back to the Manhattan project, UC Regents were in charge of the “nuclear labs.” Various scandals revolving around lab security arose and the management system was eventually shifted to a consortium involving UC and others. At the time, there was concern about the UC pension implications. Lab employees had been part of the basic pension plan. The question was essentially how the assets of the plan (and the liabilities) would be split off to cover them. There was less attention paid to the issue of retiree health care, an unfunded liability for which, unlike the pension,…