A top priority for CTA this session continues to be addressing the CalSTRS unfunded liability of $71 billion. Recently, a group of K-12 through higher education staff met with their legislators in Sacramento, urging them to shore up the California State Teachers' Retirement System (CalSTRS). Testifying before two committees, the active and retired educators said that a secure pension system is vital to attracting and keeping highly qualified teachers.
During their meetings with lawmakers, the educators emphasized it took years to generate the CalSTRS shortfall and that the fair and comprehensive solution to the problem will take time, too.
CTA supports a solution to CalSTRS funding that ensures the system's continued viability, involves all stakeholders, and has employers, the state, and employees share the burden of filling the gap.