"Unfortunately, the Wall Street crash on top of the dot-com bust is creating a short-term assessment of the teachers' retirement system that fails to reflect its long term health," said David A. Sanchez, president of the California Teachers Association. "Teachers and other public employees have and will continue to contribute their fair share toward their pensions to right the ship while it continues to make double-digit gains to recover from the financial crisis -- a crisis caused by the same investment firms that would profit handsomely if the proposals being pushed by politically-motivated pension busters would be enacted."
The 325,000 member California Teachers Association is a member of Californians for Health Care and Retirement Security, a coalition of 1.5 million public employees and retirees.
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