Pension Plan Sparks Controversy

Source: dailynexus.com Posted By: Candace George..4861 days ago

A group of 36 University of California executives are threatening legal action against the UC Board of Regents unless the University increases retirement benefits for roughly 200 of its highest-paid employees.

In a Dec. 9 letter to the Regents, the collective — which doesn’t include any UCSB administrators — asked the board to immediately implement Appendix E. The policy would lift the cap on pension plans for employees earning over $245,000 a year.

Although the Board unanimously approved the....

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