A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by amending Section 9 of Article IX thereof, relating to the University of California.

The California Constitution establishes the University of California as a public trust with full powers of organization and government, as provided, and administered by the Regents of the University of California, subject only to the legislative control necessary to ensure the security of its funds and compliance with the terms of the endowments of the university. The California Public Employees' Pension Reform Act of 2013 (PEPRA) , on and after January 1, 2013, requires a public retirement system, as defined, to modify its plan or plans to comply with the act and, among other provisions, establishes new retirement formulas that may not be exceeded by a public employer offering a defined benefit pension plan, setting the maximum benefit allowable for employees hired on or after January 1, 2013. This measure would, for an officer or employee of the University of California first hired on or after the effective date of this measure, make any retirement plan of the University of California subject to the provisions of PEPRA and any subsequent statutory enactment amending that act or enacting or amending a successor act.