Capitol News: Everything They Wanted to Know About Pensions – But Might Have Been Afraid to Ask
On Feb. 14, CTA Legislative Advocate Jennifer Baker and Ed Derman, Chief Deputy Executive Officer of the State Teachers' Retirement System (CalSTRS) helped lawmakers' staff members get a better understanding of how the teachers' pension fund works and the challenges facing it in the years ahead.
These staff persons will be responsible for advising the legislators they work for on these very important issues.
The task ahead will be addressing how the State will handle the CalSTRS unfunded liability.
For more information about the retirement system and pension issues, see the retirement section of cta.org.