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CalSTRS Trims Investment Forecast to 7.5%
Pensions & Investments Link to more items from this source
Feb. 5, 2012
The change means the plan will need larger contributions from taxpayers, teachers, school districts, or a combination of all three, to cover pension costs. The fund had 71% of what it needs to pay future benefits as of June 30, 2010. Lowering the rate adds $5.9 billion to its $56 billion shortfall, according to Milliman, the fund's consulting actuary.

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