California’s pension debt is harming teachers and students now—and it’s going to get worse

Rising pension contribution rates are causing great angst among school districts in California. The rates are not rising because benefits are improving—in fact, the benefit formula for new teachers today is much less generous than for teachers hired prior to 2013—but because the California State Teachers’ Retirement System (CalSTRS) has amassed substantial debt. As of … Continue reading California’s pension debt is harming teachers and students now—and it’s going to get worse