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.
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.
Yuba City teachers picketed for the second day in a row outside of schools demanding a 13 percent raise for the previous school year.
(AP) - California's schools have agreed to ensure language education for 1.4 million students who are designated as English learners.
After a three-year void, California has implemented a new method to judge public school performance. The replacement for the heavily criticized A-P-I scores the state used to produce is drawing its own criticism.
Yuba City teachers went on strike this morning as about half of the students were absent as well. About 100 high school students staged a walkout before noon.