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.
Boosting the cybersecurity workforce. That's the goal of a summer camp for teenagers being held this week at American River College in Sacramento.
Drug and alcohol use dropped among students in California and school safety increased, according to the results of a statewide survey. But the report shows two indicators of depression risk are "at disturbingly high levels."
California education officials have adopted new public school curriculum guidelines that give LGBT Americans a more prominent role in history and social science classes.
(AP) — Only 10 percent of Nevada's high school juniors are considered college-ready in four core subjects based on their ACT test scores.
A grand jury report finds that the head of a school board in the Sierra Nevada repeatedly intimidated staff.