Labor & Economic News Blog
Friday, July 11, 2014
Teachers' checks shrink a bit as California tackles pension ...
Teachers' checks shrink a bit as California tackles pension ...The plan, which takes effect Tuesday, phases in higher contributions from employees, schools and the state over the next several years. If successful, the $74-billion shortfall in the teacher retirement system, the second largest public pension fund in the country, will be erased in three decades.
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