High ranking executives in the UC system made news over the holidays in a manner that was remarkably tone-deaf even by UC/CSU Administrator standards.
According to a report first published by Nanette Asminov of the San Francisco Chronicle, “Three dozen of the UC’s highest-paid executives are threatening to sue unless UC agrees to spend tens of millions of dollars to dramatically increase retirement benefits for employees earning more than $245,000.
“Their demand comes as UC is trying to eliminate a vast, $21.6 billion unfunded pension obligation by reducing benefits for future employees, raising the retirement age, requiring employees to pay more into UC's pension fund and boosting tuition.”
