Introduced on Jan. 6, Assembly Bill 89 is the latest installment in a discourse dating from December, when the executives signed a letter to the UC Office of the President threatening legal action if a 1999 regents proposal to increase pensions of employees making upward of $245,000 was not enacted. The letter sparked responses from Yudof and Russell Gould, chair of the Board of Regents, as well as the 1,453 members of the university community who signed a petition urging the regents to resist the executives’ request. If passed, AB 89 would take effect Jan. 1, 2012 and would put the pension limit of $245,000 in state statute, forcing the university to honor the cap despite the IRS waiver.

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by Nina Brown, The Daily Californian.

Posted: January 18th, 2011, by: admin. Categories: . Awaiting Comments.