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UC retirement funds face a shortfall of more than $20 billion, report says

Aug 31, 2010 3:00:00 AM - latimes.com
A panel recommends increasing contributions by employees, raising the retirement age for new hires and reducing some benefits.

The University of California retirement system faces a shortfall of more than $20 billion, according to a new report, and a task force of administrators and employees is recommending changes to help fix the problem.

USA, California: (Latest Stories)