UC is handing out generous pensions, and students are paying the price with higher tuition UC system pensions -Jack Dolan, LA Times

As parents and students start writing checks for the first in-state tuition hike in seven years at the University of California, they hope the extra money will buy a better education. But a big chunk of that new money — perhaps tens of millions of dollars — will go to pay for the faculty’s increasingly generous retirements. Last year, more than 5,400 UC retirees received pensions over $100,000. Someone without a pension would need savings between $2 million and $3 million to guarantee a similar income in retirement. http://www.latimes.com/local/lanow/la-me-uc-pensions-20170924-story.html