The Blog

Where We Stand: Educators Support Finding Solutions to CalSTRS Unfunded Liability

As the governing board of the California State Teachers’ Retirement System (CalSTRS) begins its two-day meeting today, our CTA members will be among those expressing the organization’s ongoing commitment to work with the pension system and other stakeholders to ensure its long-term viability.

A great deal is happening in Sacramento on a key issue affecting the public pension system and its members, the issue of “unfunded liability.”

Read more »

San Jose Mayor Carries Out Threat – Files Promised “Pension Reform” Initiative

As San Jose Mayor Chuck Reed promised last week during a presentation to the conservative Hoover Institution think-tank, he and some of his fellow mayors have filed a new “pension reform” measure that threatens to undermine the promise made to firefighters, teachers, police officers, school bus drivers and other public employees by allowing their retirement benefits to be slashed in mid-career.

Mayor Reed and the mayors of San Bernardino, Santa Ana, Anaheim and Pacific Grove say they are aiming to put on the November 2014 ballot a measure that would allow reductions in the pension benefits that current employees would otherwise earn during the balance of their working lives.

Read more »

Capitol News: Most Pension System Changes Affect New Hires

The effective date of laws "reforming" the state's public pension systems – CalSTRS and the California Public Employees' Retirement System (CalPERS) -- is January 1, 2013.  These changes generally impact new employees, although some of the revisions will also affect employees hired on or before December 31, 2012.

Please visit the CTA website, which provides more information on retirement legislation.

Read more »

Every child deserves a chance to learn and no child succeeds alone.

© 1999- California Teachers Association