California State University, Northridge

California State University, Northridge (also known as CSUN) is a public university in the Northridge neighborhood of Los Angeles, California, United States, in the San Fernando Valley. With a total enrollment of 40,131 (as of Fall, 2014), it has one of the largest student bodies of all the 23 campus California State University system, and is one of the largest comprehensive universities in the State of California (just behind UCLA) in terms of enrollment. As of Fall 2014, the school had 2,096 faculty, of which between 745 and 784 (or about 40%) were on the tenure track.

It was founded first as the Valley satellite campus of Cal State Los Angeles. It then became an independent college in 1958 as San Fernando Valley State College, with major campus master planning and construction. The University adopted its current name of California State University, Northridge in 1972.

CSUN offers a variety of programs including 134 different bachelor's degrees, master's degrees in 70 different fields, 3 doctoral degrees including two Doctor of Education and a Doctor of Physical Therapy, and 24 teaching credentials. CSUN enrolls more than 40,000 students and ranks 10 in the U.S. in bachelor's degrees awarded to underrepresented minority students. The university has over 200,000 alumni. CSUN is home to the National Center on Deafness, and the university hosts the International Conference on Technology and Persons with Disabilities (more commonly known as the CSUN Conference), which is held each year in San Diego.

California State University

The California State University (Cal State or CSU) is a public university system in California. Composed of 23 campuses and eight off-campus centers enrolling 460,200 students with 24,405 faculty and 23,012 staff, CSU is the largest four-year public university system in the United States. It is one of three public higher education systems in the state, with the other two being the University of California system and the California Community Colleges System. The CSU System is incorporated as The Trustees of the California State University. The California State University system headquarters are at 401 Golden Shore in Long Beach, California.

The California State University was created in 1960 under the California Master Plan for Higher Education, and it is a direct descendant of the system of California State Normal Schools. With nearly 100,000 graduates annually, the CSU is the country's greatest producer of bachelor's degrees. The university system collectively sustains more than 150,000 jobs within the state, and its related expenditures reach more than $17 billion annually.

State university system

A state university system in the United States is a group of public universities supported by an individual state, or a similar entity such as the District of Columbia. These systems constitute the majority of public-funded universities in the country. Each state supports at least one such system.

State university systems should not be confused with federally funded colleges and universities, at which attendance is limited to military personnel and government employees. Members of foreign militaries and governments also attend some schools. These schools include the United States military academies, Naval Postgraduate School, and military staff colleges.

A state university system normally means a single legal entity and administration, but may consist of several institutions, each with its own identity as a university. Some states—such as California and Texas—support more than one such system.

State universities get subsidies from their states. The amount of the subsidy varies from university to university and state to state, but the effect is to lower tuition costs below that of private universities for students from that state or district. As more and more Americans attend college, and private tuition rates increase well beyond the rate of inflation, admission to state universities is becoming more and more competitive.

California

California (ⁱ/ˌkælᵻˈfɔːrnjə/ KAL-ə-FORN-yə, /ˌkælᵻˈfɔːrniə/ KAL-ə-FAWR-nee-ə) is a state located on the West Coast of the United States. It is the most populous U.S. state, with 39 million people, and the third largest state by area (after Alaska and Texas). California is bordered by Oregon to the north, Nevada to the east, Arizona to the southeast, and the Mexican state of Baja California to the south. It contains the nation's second most populous census statistical area (Greater Los Angeles Area) and the fifth most populous (San Francisco Bay Area), and eight of the nation's 50 most populated cities (Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Long Beach, and Oakland). Sacramento has been the state capital since 1854.

What is now California was first settled by various Native American tribes before being explored by a number of European expeditions during the 16th and 17th centuries. It was then claimed by the Spanish Empire as part of Alta California in the larger territory of New Spain. Alta California became a part of Mexico in 1821 following its successful war for independence, but was ceded to the United States in 1848 after the Mexican–American War. The western portion of Alta California was organized as the State of California, which was admitted as the 31st state on September 9, 1850. The California Gold Rush starting in 1848 led to dramatic social and demographic change, with large-scale immigration from the east and abroad with an accompanying economic boom.

Pension tax simplification

Pension tax simplification, often simply referred to as "pension simplification" and taking effect from A-day on 6 April 2006 was a policy announced in 2004 by the Labour government to rationalise the British tax system as applied to pension schemes. The aim was to reduce the complicated patchwork of legislation built-up by successive administrations which were seen as acting as a barrier to the public when considering retirement planning. The government wanted to encourage retirement provision by simplifying the previous eight tax regimes into one single regime for all individual and occupational pensions.

Main changes

Broadly the new regime allows considerable freedom in the tax relievable contributions that may be made to pension schemes, and the assets in which they may be invested. It also however caps the size of tax favoured pension fund that may be accumulated by an individual. This 'lifetime allowance' was set at £1.6M for 2007–08. Funds accumulated in excess of the lifetime allowance are subject to a tax charge of 55%. Transitional protection provisions were made for individuals who had already accumulated pension funds in excess of this amount.