"The retirement fund for teachers, CalSTRS, last week lowered the rate it expects to receive on investments. Gov. Brown's budget calls for $153 million more to offset the rate change.... CalPERS, which covers non-teacher [state] employees, also projects greater funding concerns because of promised pension and healthcare costs. According to [one] report, what school districts must contribute to CalPERS could double in just six years. On top of the troubles for local school districts, last month the University of California Regents agreed to a 2.5% tuition increase, in part, to cover pension costs."  MORE >>