Re: the future of UC retirement, letter from president Mark Yudof http://universityofcalifornia.edu/sites/ucrpfuture/ [University of California, like many educational institutions, is bleeding money. Each year, more and more of money goes to non-employees, , former employees who no longer contribute to the prosperity of the campuses. Current employees are struggling to increase the amount of money they personally will get in exchange for retiring. As experienced people retire, the university struggles to find money to hire young replacements, all while continuing to pay the former employee up to 100% of his/her highest salary. Yudof's letter is attached below.] These cuts are not deep enough. The people commenting here all talk about UC employees, as if a university’s mission is to employ people. I am a student. As you (employees ) get more benefits, students get fewer benefits, at greater cost (specifically, experienced retirees are not being replaced for lack of funds). Your year
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