UC execs demand more benefits

Source: Biz Journals Posted By: Billy T...4863 days ago

Executives at the University of California are threatening to sue the university system if it does not spend millions to increase their pensions, a that that has sparked anger among state officials, the Mercury News reports.

Thirty-six executives from the system, UCSF and UC Berkeley have warned they will sue if the UC regents do not lift a $245,000 cap on salary levels considered when calculating pensions.

The demand, which comes as UC faces a $21.6 billion pension deficit, would cost $5.5....

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