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Retiree Health, CalSTRS Need Attention from California Legislature This Year
The Sacramento Bee 
[Opinion] Jan. 17, 2013
"CalSTRS, the teachers' retirement system, needs billions of dollars in new money to stabilize its slowly draining assets. Unlike its larger cousin retirement fund, CalPERS, the teachers' system can't independently mandate rates charged to its members' employers. It must rely on the Legislature for more funding. Meanwhile, the state's unfunded liabilities for retiree health benefits continues to grow. Only a handful of unions have agreed to pay ahead on the anticipated obligations for their members. The state essentially operates on a pay-as-you go basis."
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