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.
Sacramento State has announced plans to build a state-of-the-art education building that will include high tech teaching labs for the Biology and Chemistry departments.
The University of California wants to increase its undergraduate population by about 5 percent.
Dyslexia is a common learning disability. About 20 percent of Americans are estimated to be living with it. Yet it can be difficult for kids with dyslexia to get the right kind of educational services. A new law in California seeks to make it easier.
(AP) - The Sacramento Bee reports that El Dorado County schools chief Jeremy Meyers resigned yesterday, 11 days after his second drunk driving arrest this year.
Sacramento State is putting some more money toward diversity efforts.