Report: California earns ‘C’ grade in teacher pension plan health
A new report gives California a “C” grade in the overall health of the state’s teacher pension plan, coming in just slightly ahead of the C- average nationwide. The report from the National Council on Teacher Quality (NCTQ), which has been tracking the health of teacher pension plans in each state and the District of...
By LA School Report | January 27, 2015
Ouch! LAUSD to pay $1.1 billion for teacher pension rescue
LA Unified must come up with $16 million this year to pay an unexpected bill as a result of legislation signed by Governor Jerry Brown aimed at rescuing the state’s teachers retirement pension system known as CalSTRS, but the district’s total increase is much higher, estimated to reach an extra $1.1 billion over the next seven...
By Yana Gracile | July 7, 2014