Supporting Six-Figure Pensions Is Adding To U Of California's Budget Crisis

The cost of pensions and retiree health benefits are soaring at the University of California, increasing pressure to raise tuition and cut academic programs at one of the nation’s leading public college systems. The 10-campus system is confronting mounting bills for employee retirement benefits even as it grapples with unprecedented cuts in state funding that have led to sharp tuition hikes, staff reductions and angry student protests. The number of UC retirees collecting six-figure pensions has increased by 30 percent over the past two years. Read more at:
http://articles.boston.com/2012-06-19/news/32319826_1_pension-fund-pension-costs-unfunded-liability