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smupony94 wrote:Talking to my 26 year old cousin is fruitless. His employer matches up to 8% and he doesn't understand why he should contribute

Aggie?

8% is weak bro. My credit card gets 30% from me.

Seems SMU was ahead of the curve with OE2C

A budget deficit at UC Berkeley has hit critical mass and could force a fundamental transformation of the institution, the university's chancellor announced Wednesday.

In a message to Berkeley students, faculty and staff, Chancellor Nicholas B. Dirks said a ΓÇ£new normalΓÇ¥ of dwindling taxpayer support would continue to squeeze one of the nation's premier public research universities and had prompted a sweeping review likely to bring painful change.

Under a months-long strategic planning process, Berkeley will scrutinize its entire workforce, redesign some academic programs, step up fundraising, expand online course offerings and take other steps to cut costs and increase revenue, Dirks said.

In a teleconference with reporters, Dirks declined to specify areas that might be cut but said officials would carefully choose them rather than impose across-the-board reductions.

He added that faculty and sports teams would be spared and that officials would aim to make up financial shortfalls in the athletic program through more fundraising.

Dirks said the process was aimed at safeguarding Berkeley's core mission of educational excellence, groundbreaking research and public outreach

http://www.latimes.com/local/lanow/la-m ... story.html

Exactly what was said when smu undertook these measures. More and more will follow suit.

Good. University admin functions are bloated across the country.

Have sr staff and admin been cut or only rank and file staff?