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CalSTRS Gets $5 Billion Increase Over Seven Years
Calpensions Link to more items from this source
June 18, 2014
"Full funding of the troubled California State Teachers Retirement System was approved by the Legislature last weekend, with most of the additional $5 billion coming from school districts that get no offsetting money from the state. With only one 'no' vote, lawmakers approved Gov. Brown's plan to phase in a massive rate increase over seven years, nearly doubling the $5.8 billion CalSTRS currently receives each year from school districts, teachers and the state."

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