OPINION: Pension U
University of California president Janet Napolitano has proposed tuition increases of 5 percent a year unless the Legislature approves an additional $100 million a year in funding for the college system, writes Steven Greenhut in City Journal. However, top state leaders such as Governor Brown, Superintendent of Public Instruction Tom Torlakson and assembly speaker Toni Atkins oppose the plan and want to examine alternative ways of reducing spending such as through expanded online education and three year degree programs. Greenhut argues the underlying cause of the university budget shortfall is excessive pension spending, with thousands of retired UC employees receiving six figure pensions.
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