Hey Univ of CA tweeps: I'm choosing betw Pension & Saving Choice. B/c of previous non-UCRP Cal employment I'm not subject to PEPRA. Still think Saving is better option. But the UC calculator is throwing out opposite conclusion. Maybe just bad assumptions. But: am I missing sth?
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So UC has a very generous pension for its employees, which has now become less generous twice: in 2013 and in 2016. I started in 2014, which means I'm 2013, which is less good than being part of the "1976 tier."
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For Jonah's group, it's still quite generous as retirement benefits go - but nowhere near as good as mine, which is not as good as the 1976 tier.
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