CalSTRS Needs Long-term Funding Fix

The introduction of Gov. Jerry Brown's 12-point pension plan and a series of legislative hearings are fueling a robust discussion on pension reform in California.

As this debate wages on, it is easy to associate reports of payout abuses and overly generous benefits with all public pension systems. Consequently, there is a tendency to look at every plan with the same critical eye and reason that all public pension systems must be reformed in the same way.

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