Tag "CalSTRS bailout"

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CalSTRS at risk of disaster despite 2014 bailout

Four years after the state Legislature passed a bailout of the California State Teachers’ Retirement System that will nearly double annual direct contributions to the giant pension fund, a newly released internal report raises the prospect that the infusion of

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School lead contamination standards seen as weak, but safer rules would have huge cost

After reports of problems with lead contamination of water at schools around California, Gov. Jerry Brown signed a bill in October of 2017 meant to address the problem. The measure by Assemblywoman Lorena Gonzalez Fletcher, D-San Diego, mandates that every school test

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Massive new K-12 report offers downbeat findings in four areas

In 2007, researchers associated with Stanford University released “Getting Down to Facts” – a massive compilation of studies of the California K-12 public school system. The hundreds of pages of voluminous research allowed both the state education establishment and its critics

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Is state Legislature hampering CalPERS, CalSTRS?

The California Public Employees Retirement System and the California State Teachers Retirement System recently announced that they had exceeded their investment goals by at least 1 percentage point in fiscal 2017-18, with CalPERS citing annual gains of 8.6 percent and

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Oakland Unified whipsawed by pension costs, declining enrollment

It’s been a tumultuous era in Oakland. The Police Department has been enmeshed in an ugly scandal surrounding officers’ involvement with an underage sex worker that led to an officer’s suicide, firings and turnover in the chief’s office. City Hall

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LAO raises doubts about teachers’ pension bailout

A new report from the nonpartisan Legislative Analyst’s Office is raising questions about the long-term effectiveness of the Legislature’s 2014 bailout of the California State Teachers’ Retirement System, which will nearly double annual funding to cover CalSTRS’ obligations when it

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Brown adds $2 billion to program that worries LAO

Gov. Jerry Brown’s revised 2015-16 state budget boosts from $4 billion to $6.1 billion the funding being given to the Local Control Funding Formula for public schools. That’s the program established by Brown via a 2013 state law to specifically

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Hardball pays off with 2-year, 10% hike for L.A. teachers

Hardball paid off for the United Teachers Los Angeles late Friday when negotiators reached tentative agreement on a three-year deal that provides L.A. Unified teachers with a 10 percent pay raise in the first two years. That’s far more than

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CalSTRS bailout cost: Pension tsunami laps at CA shores

Gov. Jerry Brown’s relative stinginess in seeking to hold the line on social services spending and in demanding an end to the practice of state education bonds paying for local districts’ construction dumbfounds some Democrats, who cite a healthier economy

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Upbeat S&P report on CA also has CalSTRS warning

The recent Standard & Poor’s report upgrading California’s credit rating prompted headlines not just in the Golden State but in Washington and on Wall Street, where it was depicted as part of Gov. Jerry Brown’s narrative of the state’s continuing

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