A new report by the Legislative Analyst is out: http://www.lao.ca.gov/2009/bud/fiscal_outlook/fiscal_outlook_111809.pdfApart from the general grim outlook for the state, there is a section on higher ed and UC. However, the pension issue is not covered in that section. Rather, it appears on page 38 in a section on state retirement costs. No Additional State Payments for UC Retirement Programs Assumed. Consistent with past funding practices, our forecast assumes no additional state contributions between 2009‑10 and 2014‑15 to cover costs of UC’s pension and retiree health programs. Both have unfunded liabilities, and currently, no significant contributions are being paid by UC or…
