So what are your thoughts on this … personally I think if universities are running into this problem then they should start pushing for their employees and unions to accept more defined contribution plans. The reason for this is that I don’t think having the taxpayer pay the pension costs for an mismanaged pension plan is an appropriate approach (which is going to happen given where most of the funding for universities comes from) nor should the taxpayer be on the hook for the risks of the market. Most people in the private sector have to handle the risks of their own pension … time to learn some things from the private sector.