CTA Urges Lawmakers to Protect Retirements and School Funding
(Photo above) Maggie Ellis (c.), an Elk Grove educator who chairs the retirement committee of the CTA State Council, CTA Board Member Toby Boyd, a kindergarten teacher, and Legislative Advocate Jennifer Baker discuss retirement issues with Assembly Member Rob Bonta (D- Oakland ), who co-chaired the committee meeting.
CTA representatives testified before a second Joint Informational Hearing of the Assembly Public Employees, Retirement and Social Security Committee and the Senate Public Employment and Retirement Committee on Wednesday about maintaining the stability of the State Teachers’ Retirement System (CalSTRS).
The educators stressed that a stable retirement system is vital to attracting and keeping California’s highly qualified educators in the profession. They noted, as well, that the solution to keeping the system strong is sharing the burden equally among the three entities that make contributions to it: employees, employers, and the state.
They also cautioned that Proposition 98 funds for classroom instruction and support should not be used to support the retirement system.
Today’s hearing is the second of three that the legislature is planning to hold.
Both the Assembly and Senate retirement committees are working collaboratively to craft a joint legislative solution this year to the system’s unfunded liability. Those committees are chaired respectively by Assembly Member Bonta and Sen. Norma Torres (D-Chino).
(Photo below.) Sen. Norma Torres (D-Chino) – second from right -- co-chaired the committee hearing. Following the hearing, she also spoke at length with the CTA team about solutions to the system’s funding challenges.