University of California’s unfunded pension liability is a hard reality sandwich

Tim Goral's picture

Students and their parents no doubt welcomed University of California President Janet Napolitano’s statement at the UC regents meeting last week that they won’t have to swallow a tuition increase in the 2014-15 academic year.

Of course, Napolitano was restating a promise made by Gov. Jerry Brown, a regent by virtue of his office, but did not go as far as Brown.

When the governor signed the 2013-14 budget earlier this year – one granting UC a 5 percent increase and promising more aid in the coming years – he said he expected that tuition would remain frozen for four years, through the 2016-17 school year.

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