The nation's largest public pension fund will be sending a bigger bill to the state, local governments and school districts to cover the cost of their retirees. The board of the California Public Employees Retirement System (CalPERS) has voted to ask for more money starting in the new fiscal year, and phasing up. There's also concern over the future solvency of CalSTRS, the pension fund for teachers, which faces an unfunded liability of $71 billion. State lawmakers discuss that later today.
CalPERS Asks for More Cash, CalSTRS Solvency in Question
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