Saturday, June 11, 2016
Proposed pension funding cut now dead
...(The budget negotiators) rejected (an) Assembly suggestion (that) would have reversed a deal between the governor and UC to create a new tier for the university’s underfunded pension system. The move was sought by employees unions who argued that shifting the retirement plan away from guaranteed benefits would undermine its stability...
Full story (with other info on what's in and what's out of the UC budget) is at: