Blame the executives at the University of California: in this economy, and considering their rise in tuition and drop in stature among other schools, the executives are threatening to sue the Board of Regents if their maximum annual pension for these bozos will be frozen at $187,500.
I just did some checking and the 2009 list of the top 100 earners goes from a high of $2.7M to a "low" of $489K!
The UC's pension liability (what they currently expect to have to pay out in the future) is unfunded by $21.6B
Top Univ. of Calif. execs to sue if earners of $245,000 or more don't see big pension hike
Glad my daughter is going to school out of state - for many reasons!
The pensions for these "academics" and lefties will collapse the state - they are simply unsustainable, and their are too many other options for an education in other states. As the cost goes up, attendance will shrink.