By Robert Fellner  . The University of California (UC) is implementing major changes to their retirement system to address its $12.1 billion unfunded liability, which has been cited as the driving factor behind recent tuition hikes. The proposed changes include a cap on pension benefits and the possibility of offering a 401(k) defined contribution plan … Continue reading University of California Hikes Tuition to Fund Soaring Pensions of up to $350,000 a Year