Lawrence Pitts: UC aggressively tackling pension problem
An editorial published in the Santa Cruz Sentinel, based on an Associated Press article about UC’s pension program, missed the essential fact that while other governments search for solutions to the pension problem, UC has taken action. These changes were made in highly public forums and covered extensively by the press, but your editorial writer somehow managed to miss them. Here’s what readers should know: UC and its employees have been steadily escalating contributions to the pension fund. By next July, contribution levels will be equal to our ongoing costs. UC has modified its pension program for future faculty and staff to make it less costly, and we now are in talks with our unions over those changes…
Read full article [here].
by Lawrence Pitts, The Santa Cruz Sentinel.