As you may have read in the news media, Gov. Jerry Brown and Democratic lawmakers unveiled a pension reform plan on Aug. 28, 2012 that would require many state workers to pay higher pension contributions and increase the retirement age at which new employees can receive maximum retirement benefits, among other changes.
This is to let you know that this proposed legislation does not apply to University of California employees, who are under a separate university pension plan, and the state’s proposal does not affect UC’s retirement benefits.
Impact of state pension reform proposal on UC employees
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