The online service Calpensions is carrying an article about some internal political developments on the CalPERS board which create a conflict with the governor.* Details of this particular fight are not important. There have been such conflicts before at CalPERS and there will be more of them in the future. What is important is that such conflicts and politicization do not characterize UC's pension system. The trustees of UCRP are the Regents. They don't get into such fights. The two plans are not equal.