TEACHERS’ PENSION FUND BILLIONS SHORT
The biggest pension fund for California teachers, CalSTRS, is experiencing a massive funding gap and the California Governmental Accounting Standards Board (GASB) is proposing new accounting rules for calculating the fund’s liabilities that will make those numbers even worse. CalSTRS currently has a funding gap of 56 billion dollars–the difference between money it expects to … Continue reading TEACHERS’ PENSION FUND BILLIONS SHORT
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