TEACHERS’ PENSION FUND BILLIONS SHORT

The biggest pension fund for California teachers, CalSTRS, is experiencing a massive funding gap and the California Governmental Accounting Standards Board (GASB) is proposing new accounting rules for calculating the fund’s liabilities that will make those numbers even worse. CalSTRS currently has a funding gap of 56 billion dollars–the difference ...Read More

CalSTRS Response To Governor Brown’s Pension Reform

CalSTRS Response: http://www.calstrs.com/Newsroom/whats_new/pension_reform_response.aspx CalSTRS appreciates that Governor Brown has taken a very important step in addressing the critical and complex issues facing the state’s public pension systems. We look forward to receiving more detail on the proposal and having the opportunity to review it in depth. The most important reform ...Read More

Governor Browns Pension Reform Plan Proposes Big Changes

Governor Brown’s 12 point pension reform plan that was released today outlines big changes to current and future public employees, including California state employees as well as employees of local governments, schools and special districts. The Governor’s plan, while probably outraging institutional Unions, probably does not go far enough for ...Read More

Main Points of Governor Brown’s Pension Reform Plan

Main Points of Governor Brown’s Pension Reform Plan  1. Equal Sharing of Pension Costs: All Employees and Employers 2. “Hybrid” Risk-Sharing Pension Plan: New Employees 3. Increase Retirement Ages: New Employees 4. Require Three-Year Final Compensation to Stop Spiking: New Employees  5. Calculate Benefits Based on Regular, Recurring Pay to ...Read More

How Do the Big Teacher’s Unions Get Away With It?

How Do the Big Teacher’s Unions Get Away With Such High Dues? As a California public school student through high school, son of a public school employee, and a  long time coach at a public school for fifteen years, I have seen how hard the majority of teachers work, despite ...Read More