Teachers’ $43-billion headache: CalSTRS could be broke in 35 years
CalSTRS
Public employee pensions have been having problems across the country, on state and municipal levels, but here in California there is a troubling blend of circumstances that make our pension situation especially desperate. The California State Teachers’ Retirement System, the nation’s second largest public pension fund, is reporting a $43 billion shortfall and without drastic action the fund could be completely broke within 35 years. The potential fixes, increased contributions into the fund from teachers and by the state government, look both politically and economically untenable given the continued flagging economy and the hostility toward public workers. Can CalSTRS stay solvent, and what happens to teachers’ retirements if it can’t?
Guest:
Jack Ehnes, Chief Executive Officer of the California State Teachers' Retirement System - CalSTRS
- Patt Morrison for February 8, 2010
- Is the cost of individual health insurance out of reach?
- Lee Daniels, on why this Oscar season is looking especially Precious
- Teachers’ $43-billion headache: CalSTRS could be broke in 35 years
- This hurts you more than it hurts me - managing chronic pain in children
Also on this episode
Events
Comedy Congress Live
Wednesday, February 29, 2012
7:30 p.m.
- 9 p.m.
The comedic material emanating from Washington D.C., and state capitols across the country, is enough to make any sitcom writer jealous, even if most of that comedy is unintentional. Our motto on Comedy Congress is that just when politics makes you want to cry, it’s usually best to laugh.
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