Tuesday, December 14, 2010
The Regents of the University of California
yesterday approved the budget cuts
proposed by UC President Mark Yudof
. From my prior post, UC President Proposes Raising Faculty Retirement Age From 50 to 55
Under his proposals, employees hired by UC after July 1, 2013 would be eligible for retirement at age 55 (instead of age 50 for current employees) and could receive their maximum pension benefits at age 65 (instead of age 60 for current employees). Current employees would have less of their health care costs during retirement covered by the university, with costs being set by a graduated scale based on years of service and age at retirement.