CalSTRS 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