Sweeping Pension Changes by New Governor Could Cover UC if Regents Don’t Act
While the article below refers only to CalPERS and CalSTRS, as has been noted in prior posts, UC is in danger of having its pension system covered by some sweeping initiative that would cover all public pensions in California. A new governor takes office in early January 2011. Unless UC has a plan of its own – and unless the Regents push for UC autonomy as other statewide policies are debated – the consequences could be unfortunate. Note part in bold italics below. — Pension reform: Brown picks up where he left off (excerpts) By Ed Mendel calpensions.com 7/31/10 In…