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 State University President Robert S. Nelsen delivered his Fall Address Thursday, outlining his priorities and announcing a record fall enrollment for the school.
Sacramento State will start its Fall semester with a record number of incoming first-year students. But that's not the only record.
(AP) - A growing teacher shortage has left district officials across the San Francisco Bay Area scrambling to fill classrooms, with critical shortages in science, math, special education and bilingual education.
Some civil rights groups are charging discrimination in access to physical education in California schools. They say public schools have not satisfied their legal obligation to provide quality physical education to Latino and African-American kids.
The first day of school is about two weeks away for some districts in California. While the kids may have spent summer lazing, it's been a busy one for districts across that state as they scramble to hire teachers.