Teachers’ Pension Fund $42 Billion in the Hole

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Last month we warned you that CalSTRS (California teachers’ pension fund) was in a bad spot and they were hoping that nobody would notice.

Yesterday CalSTRS announced that investment losses have left the fund with a $42.6 billion dollar shortfall.


Even more worrisome: the fund will be completely wiped out shortly after today’s young teachers enter retirement. To counteract that problem, the fund will need to start sucking in major contribution increases almost immediately.

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