retirement http://kvpr.org en California Legislature to Tackle Teacher Retirement Fund Debt http://kvpr.org/post/california-legislature-tackle-teacher-retirement-fund-debt <p>Some lawmakers say it’s time to get serious about paying down debt accrued by California's teachers’ retirement system. But, as Katie Orr reports from Sacramento, that will take a big financial commitment.</p><p>Assembly Democrats say they’re ready to look for ways to pay down the unfunded liability of the California State Teachers’ Retirement System. The governor’s office puts the debt at more than $80 billion.</p><p>Speaker John Perez says the Assembly will begin hearings on the issue.</p> Thu, 30 Jan 2014 02:22:56 +0000 Katie Orr - Capital Public Radio 27804 at http://kvpr.org California Legislature to Tackle Teacher Retirement Fund Debt Lawmakers Examine Options for Closing CalSTRS Shortfall http://kvpr.org/post/lawmakers-examine-options-closing-calstrs-shortfall <p></p><p>When state lawmakers were beating their chests last year about the need to reduce pension liabilities, they didn’t actually do anything about the largest liability of all.&nbsp;</p><p>The California State Teachers Retirement System – known as CalSTRS – is facing a projected $70 billion shortfall.&nbsp;&nbsp; KPCC’s Julie Small attended a sobering hearing Wednesday on the state’s options for closing the gap.</p> Thu, 21 Mar 2013 21:02:41 +0000 Julie Small 12490 at http://kvpr.org Lawmakers Examine Options for Closing CalSTRS Shortfall For Many Seniors Working Well Beyond 65 Is New Reality http://kvpr.org/post/many-seniors-working-well-beyond-65-new-reality <p><span style="line-height: 1.5;">The world for the retiree is evolving. For some retirement means a chance to globe-trot or travel across the country in an RV, but for many 65 is just another milestone, a reminder of poor financial decisions earlier in life or a chance to explore a second career.</span></p><p> Tue, 05 Mar 2013 23:30:00 +0000 Ezra David Romero 11706 at http://kvpr.org For Many Seniors Working Well Beyond 65 Is New Reality On Valley Edition: 'Deportee' Plane Crash; Working Past Retirement; Fresno Food Expo http://kvpr.org/post/valley-edition-deportee-plane-crash-working-past-retirement-fresno-food-expo <p><span style="line-height: 1.5;">This week on Valley Edition we look into an airplane disaster that took place in the hills near </span>Coalinga<span style="line-height: 1.5;"> 65 years ago. The accident grabbed national headlines and even inspired a song by Woody Guthrie titled </span><a href="http://www.woodyguthrie.org/Lyrics/Plane_Wreck_At_Los_Gatos.htm" style="line-height: 1.5;">'Deportee.'</a><span style="line-height: 1.5;"> Valley Public Radio reporter Rebecca </span>Plevin<span style="line-height: 1.5;"> explores the tragedy with the help of local author </span><a href="http://timzhernandez.com/" style="line-height: 1.5;">Tim Z. Hernandez</a><span style="line-height: 1.5;"> and his quest to ensure that those who died in the crash are not forgotten. Hernandez, along with the Fresno Diocese and Holy Cross Cemetery are working together to erect a memorial headstone with the full names of all 28 passengers.&nbsp;</span></p><p> Tue, 05 Mar 2013 20:20:42 +0000 Juanita Stevenson, Rebecca Plevin & Ezra David Romero 11696 at http://kvpr.org On Valley Edition: 'Deportee' Plane Crash; Working Past Retirement; Fresno Food Expo Costs for Funding State Retiree Health Benefits Grows http://kvpr.org/post/costs-funding-state-retiree-health-benefits-grows <p></p><div><p>A new report shows the unfunded liability for state retiree health benefits in California has grown to more than $63 billion.</p><p>As Amy Quinton reports from Sacramento, State Controller John Chiang says some increases in future liability could be prevented.</p></div><p>Chiang says the unfunded obligation for state retiree benefits has grown almost two billion dollars from 2011 to 2012. That’s less than expected because of fewer and less expensive healthcare claims.</p> Fri, 22 Feb 2013 03:30:19 +0000 Amy Quinton 11150 at http://kvpr.org Costs for Funding State Retiree Health Benefits Grows