Dan Walters: UC’s pension system is the state’s latest tech disaster

The University of California is one of the world’s most prestigious centers of higher education and cutting-edge medical, technological and social research.

One assumes that its faculty and administrators are saturated with extremely bright people. Nevertheless, UC has succumbed to a managerial disease that has afflicted other corners of state government — the chronic inability to successfully adopt information technology.

The state has spent billions of dollars on high-tech projects...