Public Capitulation Unions

Recent media reports have suggested that to solve the unfunded liability the state will have to increase CalSTRS funding by $3.8 billion a year for 30 years for a total of more than $114 billion.
Although this is an accurate statement based on current projections, achieving adequate funding can occur several ways that would be phased in over time. The CalSTRS $56 billion funding shortfall can be managed, but it will require gradual and predictable increases in contributions. Calstrs

HT Calwhine

Here in Fresno we knew that the day the County Supervisors stole the billion dollars, some ten years ago.