CalSTRS Deficit Growing by $15M Daily; Pension Fund Expects To Run Out of Money by 2046
In a release last week, CalSTRS -- California's pension fund for teachers -- said it is facing a $73.7 billion shortfall and expects to run out of funding by 2046. The pension fund's deficit is growing by $15 million per day, according to the statement.
- "CalSTRS Pension Shortfall Now $73.7 Billion" (Young, Sacramento Business Journal, 4/3).