UC president proposes new 8 percent student fee hike; funds needed to close gap from lower state ...

Full story: Santa Cruz Sentinel

Hallie Kraus, a third-year student in psychology from Atascadero, says she is managing with grants, but her younger sister is looking to attend college outside the UC system With University of California students still stinging from a 32 percent fee increase over the last year, UC President Mark Yudof announced Monday he is proposing an additional ...

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Where Are The Math Guys

United States

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#63
Nov 9, 2010
 
Kevin wrote:
<quoted text>
Definitely not true. Every city and county has far more generous pension plans than UC. The underfunding of the UC plan is because neither the University nor the state has put any money into the plan for 20 years. They've been relying entirely on investment returns to fund the system, and the Bush market crash wiped that out.
It just doesn't really matter because there is no way those benefits of any of those entities are going to be paid at levels anywhere close to what they were promised.

Doesn't the UC have any mathematicians?
Where is the Logic

San Francisco, CA

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#64
Nov 9, 2010
 
Santa Cruz Sentinel on fee hikes and everyone thinks the UC is bullshit.
Santa Cruz Sentinel on students protesting fee hikes and everyone thinks the students are bullshit
where is the logic here, I will complain about the UC increasing fees but I will not support people trying to do anything about it.
Kevin

Santa Cruz, CA

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#65
Nov 10, 2010
 
Where Are The Math Guys wrote:
<quoted text>
It just doesn't really matter because there is no way those benefits of any of those entities are going to be paid at levels anywhere close to what they were promised.
Doesn't the UC have any mathematicians?
I think you mean economists, as mathematicians are not particularly interested in finances, having more beautiful objects to study---things for which proofs can be written.

Of course, the University administrators and the state legislature pay no attention whatsoever to the faculty of the universities. You can be sure it was not a faculty suggestion that the university and the state put no money into the retirement fund for 20 years, and then reduce faculty salaries to make up the deficit.
Ray You have it right

Stockton, CA

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#66
Nov 10, 2010
 
Ray in Santa Cruz wrote:
"UC faces a $21 billion unfunded liability gap for its post-employment benefits plan.
"
And they think they have a problem now, just wait until this deficit hits the system.
UC as the absolute, most generous benefit package of any governmental entity and well beyond what the private sector offers.
Even if the university decided to reduce this liability over 50 years, it will cost them $420 million per year on top of the new retired added to the rolls.
The notion of two tiered retirement plans, retain one for existing employees, and a different one for new, is nonsense.
Employment contracts are short lived, usually 2 to four years. No where in employment contracts does the notion of "for long as you are employed" exist. The terms of health and retirement plans can be changed when the existing contract expires.
This is the opportunity to offer a simple "Two Tiered Plan". You can keep the existing retirement and health plan, or the new one. All you, as an employee, have to do is pay the difference.
You have a good grasp on the problem I think. UC is actively trying to drive out all students on financial aid of any kind including disabled ones. I live on S/S and my daughter is trying to get her degree - she was honors student with no grade lower than A in any class first two years(community college)now she is being treated REALLY terribly -from trying charge her 'out of state fees'(she lives in California) to giving her wrong tests and not accepting responsibility when a chair she was sitting in during a test collapsed and caused her a major back injury(she got lucky and was able to get into the final trials of an experimental surgery that we are hoping will bring back her mobility), but the college is persisting with their REALLY terrible treatment of her. this is apparently the practice at all the UC schools(she is at UCSB) she is giving up on a possibility of a four year degree because of the terrible treatment at UC' hands. I think UC should be dismantled!
You have it right

Stockton, CA

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#67
Nov 10, 2010
 
Jimmy wrote:
Yes, if assistant professors start at $65,000, then their kids could attend for the subsidized price. Where is the money going? To special star assistants, or building construction? Debt?
dollars are going to administration, regents, construction and other places that do not provide or want further education for anyone - their only interest seems to be their bloated retirement packages and current raises and perks

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