Sacramento, CA — State residents in undergraduate programs at University of California schools will not face a tuition hike over the next two years.
It is part of a compromise reached by Governor Jerry Brown and UC President Janet Napolitano. Out-of-state residents, and those in graduate programs, could still be susceptible to higher costs.
Another aspect of the compromise is that $436-million will be funneled into the UC system to offset pension costs. The state stopped contributing to the retiree benefit system in 1990 because it had more money than needed, but it is now running a multi-billion dollar deficit. In receiving the money, the UC agrees to find ways to reform the pension system for new employees.
The additional revenues are included the Governor’s May-revised budget released yesterday.