"These are valuable employees, but I think they have misread the situation," Gould said of the three dozen top administrators, deans and others who signed a Dec. 9 letter to Yudof. "We certainly don’t feel there is an obligation." And granting the increase, he said, "would be another hit on the pension fund." The regents are expected to discuss the matter at their regular meeting later this month, but labor unions, students and other UC critics are all but certain to protest any pension increase. "Quite frankly, I don’t see any traction [for it] among the regents," the board chairman said.

Read full article [here].
by Larry Gordon, The Los Angeles Times.

Posted: January 5th, 2011, by: admin. Categories: . Awaiting Comments.