This, I suspect, is a move that will have substantial consequences down the road for the University of California System, which had, for a long time, probably the best retirement benefits of any state university system in the country. The raising of the retirement age may actually benefit the system, at least short-term, by keeping distinguished senior faculty in the UC system longer--it has not been uncommon for prominent UC faculty to retire long before age 70, draw a substantial pension, and then take up a full-time teaching post elsewhere.
Thoughts from readers about the impact of this move? Links to more detailed information also welcome.
