|Budget Issue:||Retirement costs.|
|Program:||UC, CSU and Hastings|
|Finding or Recommendation:||Recommend adopting the Governor’s proposal to limit future adjustments for CSU’s retirement costs. Recommend designating $67 million of UC’s proposed base budget augmentation for retirement costs. Recommend increasing Hastings’ proposed base budget augmentation from $392,000 to $455,000 and designating the full amount for retirement costs.|
Our report, The 2013-14 Budget: Analysis of the Higher Education Budget, provides detail on the Governor's proposal to limit future adjustments for CSU’s retirement costs. The report also provides details on our recommendations to designate funding for retirement costs for UC and Hastings. Please see this section for a description of the Governor's proposal and this section for our assessment and recommendations.