CalSTRS

Government & Politics
6:22 pm
Wed January 29, 2014

California Legislature to Tackle Teacher Retirement Fund Debt

Credit Andrew Nixon / Capital Public Radio

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.

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.

Speaker John Perez says the Assembly will begin hearings on the issue.

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Government & Politics
2:02 pm
Thu March 21, 2013

Lawmakers Examine Options for Closing CalSTRS Shortfall

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. 

The California State Teachers Retirement System – known as CalSTRS – is facing a projected $70 billion shortfall.   KPCC’s Julie Small attended a sobering hearing Wednesday on the state’s options for closing the gap.

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