The Sounds of Silence Can Be Heard From LAO

The Legislative Analyst's Office (LAO) has just released a report on CalSTRS funding and the plan the state has to deal with its underfunding. (CalSTRS = California State Teachers Retirement System.) CalSTRS is the second largest public pension that the state has - behind CalPERS and ahead of UCRP. 

What is newsworthy is that the LAO doesn't officially worry about UCRP because of the fiction that it is somehow the responsibility of the Regents (Are they supposed to fund it out of their personal checking accounts?) and not the state. This fiction leads to ongoing budget issues for UC.

You can read about CalSTRS (but not about UCRP) at:

https://lao.ca.gov/reports/2021/4400/Strengthening-CalSTRS-031021.pdf