Jack Ehnes with the California State Teachers' Retirement System or CalSTRS says if the retirement system is to be fully-funded within 30 years, all of the groups and the State of California must increase contributions by more than $4 billion-per-year.
"Recessions took such a sizeable bite out of the assets of the system or any system like that, you must increase the contributions and usually quickly to change that path."
"Having a secure retirement is of paramount value along with the piece of mind it will bring to our current and future members and retirees," Baker says.
Baker and a representative of the California School Administrators spoke at the first in a series of Assembly hearings at the California State Capitol Wednesday.
Based on the current value of the fund's assets, Governor Jerry Brown says the shortfall is actually $80 billion.
Together, employers, employees, and state contributions make up about 40-percent of the Cal STRS pension fund. Investments make up the rest.
Cal STRS will develop funding scenarios for all contributors to add $4.2 billion to the fund this year with an increase every year after that.
San Juan Unified School District teachers are being mentored by Sac State professors to learn new teaching methods and how to incorporate social justice teachings into their high school classrooms.
Remember when school started after Labor Day? If you can you may be dating yourself a bit. The first day of class for California schools is getting earlier and earlier.
Authorities may know all too well that sex trafficking is a crime that is growing in California. But for those most at risk, teenagers, it might seem something abstract.
A California lawmaker’s push to reduce discrimination against gays and lesbians at religious colleges and universities is sparking new debate over the separation of church and state.
A $2.3 million federal grant will be used to help migrant farmworker students at Sacramento State.