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Number Of UC Retirees Collecting Six-Figure Pensions Has Increased

401(K) 2012 / Flickr
 

401(K) 2012 / Flickr

The number of University of California retirees collecting six-figure pensions has increased 60 percent since 2012 - and those increasingly generous retirement packages are being paid for in part by students' tuition.

In 2016, more than 5,400 UC retirees received pensions over $100,000.

That's according to an LA Times investigation published yesterday.

UC-Spokeswoman Dianne Klein said it's impossible to say precisely how much of this year's tuition increase will go toward retirement costs, but the newspaper says it could be tens of millions of dollars.

The report says pensions, salaries and UC's failure to contribute to the pension fund for two decades have left the retirement system in the red.

Some officials and employees argue that higher pensions allow the university to compete with private sector for top talent.

Earlier this year, the Board of Regents raised tuition for the first time in six years. The board is now weighing another hike.

 pensionsuniversity of californiaUC

Sally Schilling

Reporter

Sally Schilling is a Davis native and a graduate of the UC Berkeley Graduate School of Journalism. She has reported on redwood poachers robbing national forests in Humboldt County and the dangers of melting tropical glaciers in the Peruvian Andes.  Read Full Bio 

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