The Finance Committee approved options for borrowing for the pension fund from STIP and possible pension bonds. Oddly, but consistent with earlier presentations, the primary motivation is described as a kind of interest arbitrage. In fact, the original motivation for these options was the $2 for $1 issue; roughly each $1 of contributions by the Regents for the state portion triggers about $2 from non-state sources.
After approval of the pension options, there was a presentation on conditions in the medical centers. The theme was that although recent federal legislation will have an effect, the longer-term concerns about rising U.S. health costs will be a more powerful influence. The final presentation was on UC enrollments and student diversity. Finally, there was a series of routine approvals.
Below is the audio of the session (videos with a still picture) divided into nine parts.
Part 1: [Meeting gets underway at about the 45 second point.]
Part 2:
Part 3:
Part 4:
Part 5:
Part 6:
Part 7:
Part 8:
Part 9 (end):
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