NEWS: Rising retirement costs help drive UC plan to raise tuition

While the University of California system stands to gain millions in increased funding under Governor Brown’s recent budget proposal, college officials say they need to increase student tuition 5% annually to fund retiree pensions, reports the Sacramento Bee.  The system would like the state to take full responsibility for funding its pension program, but state leaders say the university system negotiates its benefit structure independently and must take responsibility for its own financial affairs.

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