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Huge CalSTRS Funding Hole Grew for 10 Years
Calpensions Link to more items from this source
Feb. 24, 2014
"Getting CalSTRS back to full funding, if rates are steadily increased over the next half dozen years, would take an annual increase reaching more than $5 billion a year by 2020 ---about what the state general fund currently spends on UC and CSU combined.... The analyst's four preliminary scenarios, based on CalSTRS estimates presented to the board earlier this month, begin with increased payments of $900 million to $1.8 billion next fiscal that increase to $5.7 billion to $5.3 billion in fiscal 2020-21."

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