April 22: …(Governor Brown) said a budget deal remains elusive and could take several more weeks to reach.
"We're not at the point of, 'OK, if you do this pension reform and A, B, C and D regulatory, you've got a deal,' " Brown told reporters after a panel discussion at an IBM research facility. "We're not at that level of specificity, and I think we have several weeks of conversations to get to a point where people feel, 'OK, that sounds like a good deal.' "
By the way, if you are thinking that in the event of a pension cap, UC will just put in a supplementary defined contribution plan to make up for the difference, you might think again. Here is an excerpt from an article on the governor's latest deal with the prison guards' union:
Brown noted other victories, including that the contract would end a state-funded, $42 million-a-year 401(k)-type plan that correctional officers received in addition to their pensions.
Full article at: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/22/MN0H1J3TMU.DTL
Maybe some further encouragement to UCOP & the Regents is needed: