News Summary: UC pensions costs threaten academics

Published June 19, 2012 5:31pm ET



PENSION PRESSURE: Rising costs for pensions and retiree health benefits may require the top-tier, 10-campus University of California to cut academic programs and raise tuition — again.

ACCOUNT DEFICIT: The UC Retirement Plan’s roughly $10 billion unfunded liability results from investment losses and a gap of nearly two decades when campuses, employees and the state did not contribute any money toward pensions.

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