University Of California Regents Approve Contentious Pension Plan

The UC Board of Regents voted to increase employer and employee contributions to the university's massively underfunded pension system Thursday despite UC employee protests, which forced a brief suspension of the meeting. In an effort to reduce the program's $14 billion funding deficit, the board approved a plan to increase the total level of contributions into the pension program by more than 250 percent, a move that employee advocates say could leave the lowest-income UC employees teetering on the brink of poverty.

Topics:  uc board   regents   west   uc   university   approve   pension   plan   employee   increase   contributions   program   

 

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