COLLEGE

UC Not Obligated To Raise Pensions, Officials Say

01/05/2011 09:02 am ET | Updated May 25, 2011

The University of California is under no legal obligation to raise the pensions of its highest-paid executives, and it's too expensive to do so, UC President Mark Yudof and regents Chairman Russ Gould said Tuesday, speaking out for the first time since dozens of top employees signed a letter threatening to sue over the issue.

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