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.
Bleary-eyed teenagers shuffling to school barely after daybreak could become a thing of the past if a state lawmaker has his way. A new proposal would push back middle and high school start times to at least 8:30 a.m.
What kind of qualities should Sacramento City Unified School District's next leader have? That's one question SCUSD is posing to the community in a series of town hall meetings starting tonight. A total of seven town halls will be held.
Students south of the border are learning to plant their own vegetable patch in a program a lot like 4-H. The UC and the Agriculture Secretary of Baja are teaming up to offer hands-on classes and mentoring to low-income children in Mexicali.
UC Davis students took part in a project to backup and protect scientific data related to climate change and the environment from federal websites.
Tenth grade students at Encina High School speak out about President Donald Trump's Inaugural speech.