Accompanied by Assembly Public Employees, Retirement, and Social Security Chair Rob Bonta (D-Oakland), Assembly Speaker John Perez (D-Los Angeles) tells reporters at a Wednesday morning Capitol news conference that the Assembly is committed to having the California State Teachers’ Retirement System (CalSTRS) 100% funded. The lawmakers said they would be convening hearings beginning Feb. 19 to determine the exact size of the currently unfunded liability and the proportion of increased contributions that should come from school districts, individual teachers, and the state to ensure the system’s continued viability. (Photo by Len Feldman.)
Assembly Speaker John Perez (D-Los Angeles) and Assembly Member Rob Bonta (D-Oakland) pledged during a Capitol morning news conference to fully fund the California State Teachers’ Retirement System and protect teachers’ retirements. The legislators said all options are “on the table” except the “ostrich” option of pretending a problem doesn’t exist.
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