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Monday, January 3, 2011

UC Executive Pension Issue Discussed on Local Radio Program

KPCC's Patt Morrison interviewed Nanette Asimov of the San Francisco Chronicle who broke the story on the demand by high-paid UC executives for lifting the cap on their pensions.

One tidbit that comes out is that - so far at least - no one has located a Regents vote in 1999 that said the pension cap would go up if the IRS approved. (The IRS did approve several years later.) Apparently, a committee of the Regents endorsed the idea back then, but if there was no vote of the full body, it is difficult to see how a legal commitment to lift the cap could have occurred.

Yudof's opposition to the pension hike is mentioned.

The station's website does not seem to have a way of embedding the broadcast. So I downloaded the podcast and uploaded it for embedding below:

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