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.
Sacramento Regional Transit has identified a way to find entry-level mechanics to replace the dozen or so mechanics who retire or leave the agency every year.
Some Sacramento high school students are getting their poetry in front of a lot of people this fall. You'll have to get on a bus to read them.
California schools are limited in how much of a foreign language they can use to help English learner students. Prop. 58 would undo those limits.
Proposition 58 eliminates a law that schools teach students in English only.
Each spring, a group of UC Davis student scientists and their professors take a whitewater rafting trip through the Grand Canyon to study a river that sustains 40 million people. Capital Public Radio’s Amy Quinton traveled with them.