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Download full textJohnson, Richard W.; Southgate, Benjamin G. – Urban Institute, 2014
The California State Teachers' Retirement System (CalSTRS) has been grossly underfunded for the past decade. State policymakers have responded by cutting plan benefits for new hires and raising teachers' required plan contributions. These changes, however, have undermined teachers' retirement income security. Only 35 percent of new hires will…
Descriptors: Retirement Benefits, Public School Teachers, Income, Financial Problems
