We at the Clog saw it fit to awaken from our winter slumber to bring you this heartwarming bit of holiday cheer.
It seems three dozen of the UC’s highest paid executives have sent a letter to the Board of Regents demanding a dramatic increase in retirement benefits. Because the existing benefits along with their $245,000+ a year paychecks are clearly not enough.
As it seems, the current calculation does not calculate pensions as a percentage of salary for those earning more than $245,000 a year, instead it calculates benefits only on the first $245,000. We know, it’s tragic. read more »