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Thursday, October 30, 2014

Controller on UC Pension: Willing to State the Obvious

State Controller John Chiang has a new option on his website for tracking state and local pension data.  Under "state," he includes UCRS along with CalPERS, CalSTRS, and two plans for judges.  So, although the Legislative Analyst's Office (LAO) continues with the notion that the UC pension is not a state plan, the controller is willing to state the obvious (as can be seen above).

An article about the pension website is at http://www.sacbee.com/news/politics-government/the-state-worker/article3441531.html

You can find the controller's webpage for defined benefit public pensions (including UC's) at https://bythenumbers.sco.ca.gov/finance-explorer/view-by-retirement#benefits

Now that the controller has seen things clearly, we need the Leg Analyst to sing along with the controller:
video

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