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CalSTRS Rate Hike: A Start, Full Phase-In or Delay?
Calpensions Link to more items from this source
Mar. 24, 2014
"Legislators were told last week an additional $181.7 billion would be needed for full funding in 20 years. If payments are spread out to ease the budget bite, the additional amount needed to reach full funding in 60 years is a staggering $618 billion. The point made by comparing the large numbers: Delaying a funding increase drives up the total cost, not to mention forcing future generations to pay for the services of workers received by the current generation."

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