Tuesday Must Read: UC Regents Vote to Raise Retirement Age; Appeals Court Blocks Sale of State Buildings


Stories you shouldn’t miss:

1. The UC Board of Regents voted yesterday to raise the retirement age of UC employees from 60 to 65 and to slash UC’s contribution to retiree health care, the Chron reports. The board also voted to raise the age of early retirement eligibility from 50 to 55. The moves were made to help the UC system close a huge $21 billion deficit in its retirement obligations. But the proposed changes must still be negotiated with public employee unions, who are already criticizing the plan as being unfair to workers in physically demanding jobs.