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.
An alternative learning program based in craftwork just graduated its first class. The school is one of the few services available to adults with intellectual disabilities who are out of high school, but not ready for college or work.
After charter school supporters poured money into the California governor's race to support a longtime ally who failed to advance, the school choice movement may face uncertainty in a state with some of the most robust charter school laws in the U.S.
Attending a university in California can be a financial burden beyond the means of many college hopefuls. Rising tuition is compounded by the lack of affordable housing in the state and the high cost of living.
Several state lawmakers on Tuesday unveiled a plan to curb the University of California's power by limiting salaries and putting checks on the UC president's authority.
Thousands of custodians, security guards, gardeners and other service workers at University of California campuses started a three-day strike Monday to address pay inequalities and demand higher wages.