UC Doles Out Generous Pensions, Forcing Students to Pay With Higher Tuition

As parents and students start writing checks for the first in-state tuition hike in seven years at the University of California, they hope the extra money will buy a better education.

University of California president Mark Yudof, right, and California Lt. Governor Gavin Newsom look on during the UC Board of Regents meeting on July 18, 2013, in San Francisco. (Credit: Justin Sullivan / Getty Images)

But a big chunk of that new money — perhaps tens of millions of dollars — will go to pay...

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