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Phil Matier: Trustee To Manage City College Of SF Finances

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San Francisco City College (CBS)

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SAN FRANCISCO (KCBS) – Governor Jerry Brown signed legislation on Wednesday that makes sweeping changes to the pensions of public employees in the state, this comes a day after City College of San Francisco trustees voted to bring in a special trustee to oversee finances at the financially troubled school, which is struggling to remain open and accredited.

The move was strongly suggested by leaders at the state level, despite the protests of many students, who argued that a special trustee will likely further the shrinking of the college, including the possible closure of some of its campuses.

KCBS, CBS 5 and Chronicle Insider Phil Matier:

Appointing a special trustee was something applauded by State Community College Chancellor Jack Scott. During a presentation to the Board of Governors, Scott detailed a recent audit by the California State Teachers’ Retirement System, which cited irregularities in how City College of San Francisco handled executive pensions.

High salaries and pension benefit costs are just part of issues at the largest public school in the state. City College trustees have until October 15 to prove to the regional Accrediting Commission for Community and Junior Colleges that they should remain in business. That’s the deadline for a plan to be sent to the accrediting commission, which has given the school until next March to fix its problems or face possible closure.

You can hear Phil Matier’s comments Monday through Friday at 7:50am and 5:50pm on KCBS All News 740AM and 106.9FM.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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