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Assembly's First Hearing on CalSTRS held Wednesday

 

Last month, Assembly Speaker John Perez (D-Los Angeles) and Assembly Retirement Committee Chair Rob Bonta (D-Oakland) promised they would begin holding hearings to find a solution this year to the unfunded liability issue facing the California State Teachers' Retirement System (CalSTRS). The first hearing was held today. CTA was there to testify about the urgent need for a long-term solution, which should include equitably increasing contributions from the three entities that fund the system – the state, school districts, and educators.

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