Majority PEB Response to Senate Dissent
If you have followed the issues surrounding the Post-Employment Benefits Task Force report, you know there was a majority report calling for a two-tier pension and providing the Regents with Options A and B – both defined-benefit (DB) plans. The dissenters put an option C back on the table – also a DB plan. A and B were “integrated” with Social Security; C is a simpler plan that is not integrated. (Go to earlier posts on this blog for more details.) Now the majority has replied to the dissenters. You can find their reply at http://universityofcalifornia.edu/sites/ucrpfuture/files/2010/09/peb_dissenting_response_0910.pdf The response to the…
