Regents Expected to Approve Rise in Employee Pension Contributions Today

The Regents at their postponed meeting today (11-28-11) are expected to raise the employee contribution to the pension plan to 6.5% as of 2013-14. See the chart below:

The full item is at http://www.universityofcalifornia.edu/regents/regmeet/nov11/f5.pdf

This will not be the last increase for either the employee or the employer contribution. No help from the state in sight. Au contraire: