You can’t take it to the bank exactly, but…
The state auditor prepares a kind of balance sheet for the state as a whole and for individual components of the state such as UC. For the year ending last June 30, the accounts show that UC had assets of $58.0 billion (including buildings – construction costs minus depreciation) and liabilities of $34.6 billion for a net asset total of $23.4 billion. (pages 58-60)There is an ongoing issue of the degree to which the state is responsible for the UC pension. The report indicates that $6.4 billion of the liabilities of UC are “net other postemployment benefits obligations” which probably…