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.
The Sacramento City Teachers Association called off a strike planned to start Wednesday after reaching an agreement with the Sacramento City Unified School District on a new contract.
Sacramento State is among three CSU campuses getting a combined total of more than $8 million in federal grants to enhance teacher diversity. The goal is to recruit teachers in Latino, African American and other minority communities.
More California high school students are taking college-level Advanced Placement tests. AP exams are taken each May by high school students who've attended classes that are roughly equivalent to undergraduate college courses.
The California Community College System hopes changing the name of a free tuition program will get more eligible students to take advantage of it.
The Sacramento area unemployment rate increased last month. July's jobless rate was 5.2 percent, up from 4.8 percent in June. Analysts with the state Employment Development Department attribute the increase to seasonal cutbacks at schools.