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 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.
Some Folsom High School students are planning to launch a high-altitude, helium-filled balloon into the path of the solar eclipse next Monday. The balloon will have four cameras on it.
A new state law that kicked in last summer requires shots for public school children. Some families are still adjusting to the law.
UPDATE, July 12, 4:27 p.m.: A bill that would have allowed California school districts to add another year of probation to teachers before extending tenure will not become law this year.
The California Community College system is out with an online video targeting Dream Act students. Those are students who have been in California for at least three years and graduated from a California High School.