"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
The California teachers pension fund, CalSTRS, is effectively insolvent. However, under grossly unfair and delusional California law, state pension funds can simply order the state to make up any shortfalls they have. So there’s really no reason for the public…
Unbelievable as it may seem, the California State Teachers’ Retirement System (CalSTRS), the sixth largest public pension fund in the country, now has a pension shortfall of $56 billion, up $15.5 billion from last fiscal year. That’s an increase of…
“We overpromised” says the head of a pension reform group, and this may well be true. The amount being paid into the California State Teachers Retirement System (CalSTRS) by teachers, schools, and the state cannot possibly meet the amount that…