The University of California Assembly of the Academic Senate unanimously passed a resolution during Wednesday’s meeting condemning a proposal that would reduce retirement benefits. If enacted, the proposal will allow UC employees hired after after July 1, 2016 to choose between a hybrid defined benefit plan and a defined contribution plan. Read more...
Photo: UC President Janet Napolitano signed a budget deal with Gov. Jerry Brown last May that calls for the UC to implement a new pension tier in exchange for a one time payment of $436 million from the state. (Kathy Chen/Daily Bruin)