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“Proposed pension limits will lead to UC’s decline” by James Vernon

Despite decades of declining state funding and rising enrollments, the University of California has continued to deliver the highest quality of education for Californians. It was not the genius of its overpaid senior administrators that made this possible. It was the quality of its faculty that has maintained UC’s reputation as the best public university in the world.

Historically, UC faculty have accepted lower salaries than they would receive elsewhere in return for the deferred benefit of an excellent pension. Yet now UC is considering replacing a highly efficient and secure pension plan with one that is less efficient, less secure and no less expensive.

Read more here: http://www.sacbee.com/opinion/op-ed/soapbox/article61173472.html

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