CalSTRS Has Assets to Pay Benefits for Years

Your article (Page A1, Feb. 22) points out the long-term funding challenges facing CalSTRS, but suggests that CalSTRS is on the verge of running out of funds and cannot meet its obligations, when, in fact, we have assets to pay benefits for at least the next 30 years.

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California Teachers' Pension System Headed Toward Insolvency

As California school districts anticipate possibly the worst budget crisis in a generation, many will try to lighten their burden by enticing older teachers into retirement. But as more and more teachers retire -- with a pension averaging 55 percent to 60 percent of salary -- they will be straining a system that already can't meet its obligations.

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