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California State Teachers' Retirement System (calstrs) Records a $42.6 Billion Shortfall for 2008-09
Reuters 
Jan. 31, 2010 Excerpt: To fully fund the Defined Benefit Program in 30 years after the 2008-09 losses would require a contribution rate increase of about 14 percent, Calstrs said. In December, Moody's said it sees a worsening trend in expected funding shortfalls of both the California Public Employees' Retirement System, or Calpers, and the California State Teachers' Retirement System. MORE >> |
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