30
Jul
2011
Jul
2011
Teacher pension system on dangerous path…
Categories: State Developments
STATE LAWMAKERS have pushed the California teacher pension fund toward a financial cliff and are now standing on the side of the road, apparently hoping divine intervention will stop the ensuing plunge off the edge. Under its current funding structure, the question is not whether the pension plan of the California State Teachers’ Retirement System will go broke, but when. The system’s latest estimate is about 2040.