Tag "pension bailout"

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Sacramento teacher strike threat spurs criticism

Teachers in the Sacramento City Unified School District have authorized a strike, hoping to follow in the footsteps of teachers in Los Angeles Unified and Oakland Unified and secure substantial raises after a brief walkout. But in key ways, the

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New LAUSD chief avoids district’s grim fiscal picture

Michelle King was promoted to superintendent of the massive Los Angeles Unified School District last week and has since spoken about her hopes for educational improvements, her interest in single-sex schools and her doubts about philanthropist Eli Broad’s goal of

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School districts seek help with pension bailout costs

The bailout of the California State Teachers’ Retirement System enacted last year requires a 70 percent increase in pension contributions from school districts, a 20 percent increase from the state general fund and a 10 percent increase in teacher contributions.

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Harsh impact of CalSTRS bailout begins to emerge

The deal struck in spring 2014 to bail out the underfunded California State Teachers’ Retirement System will lead school districts, the state and teachers to increase their annual contributions to CalSTRS from $5.9 billion in 2014 to at least $10.9

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