Thursday, April 17, 2014


You may have seen the headline that CalPERS is upping the contribution it requires from the state (and from local governments that are part of the system).  See

As various Regents have pointed out, CSU's pension is handled by CalPERS and so the state makes the CalPERS contribution for CSU and never disputes the fact that it is liable for the CSU pension.  As blog readers will know, the same treatment is not applied to UC.  Of late, although the state has put some money into the UC pension, it does not acknowledge its ultimate responsibility for the plan.  There is little justification given for this unequal treatment other than "that's the way it is."

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