Earlier this year, the California State Teachers Retirement System issued an ominous statement: teacher retirements in California are projected to hit nearly record-breaking heights in 2021.Author thinks we will live through it. Sacramento will step in, again, for partial funding.
The statement, which came in the form of a February blog post, said that the numbers will be almost as bad as the year after the Great Recession when more than 16,000 teachers retired.
While short term effects are being felt in some areas, in many school districts the tsunami of retirements is barely registering as a ripple. While interviews with administrators, teachers, and union leaders do not paint a rosy picture of the situation, neither is it expected to be crippling.
The labor reform of Jerry Brown left Boomers getting the break and costs dumped on young teachers. That reform will not hold and we will need Sacramento funds.
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