From the Sac Bee:
What about CalSTRS?
Despite two years of lobbying from the teachers’ retirement fund, a plan to shore up CalSTRS’ finances was missing from Gov. Jerry Brown’s pension reform proposal this week.
The California State Teachers’ Retirement System faces a long-term shortfall of $56 billion – the gap between assets and estimated liabilities. The fund has been quietly pushing a plan to increase taxpayer contributions, and has stepped up its campaign in recent weeks.
Chief Executive Jack Ehnes, in a letter Tuesday to legislators, asked them to “give special consideration to a long-term funding strategy to protect our teachers’ retirements.”
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