Hmmm...and my understanding the job market for college grads are few and far between this year.   



snip~
The UC system faces spiraling pension costs for 56,000 current retirees and another 116,000 employees nearing retirement.

As of May, there were 2,129 UC retirees drawing annual pensions of more than $100,000, 57 with pensions exceeding $200,000 and three with pensions greater than $300,000, according to data obtained by The Associated Press through a state Public Records Act request.

The number of UC retirees collecting six-figure pensions has increased by 30 percent over the past two years, according to Californians for Fiscal Responsibility, an advocacy group that has analyzed UC pension data.


more @
http://xfinity.comcast.net/articles/news-national/20120619/US.California.University.Pensions/

All too often it's the same story. Promises made, yet the funding isn't provide by the legislative branch for a number of reasons. Would result in tax increases, would embarrass the politicians if they approved the excessive benefits, ignored the need, etc., etc. End result is underfunding that will result in tax increases, increased fees and eventually if not corrected, a default on the pensions paid.

If they raise the tuition too high it will reduce the number of students who attend and that will cause additional problems.