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School districts seek help with pension bailout costs

School districts seek help with pension bailout costs

By Chris Reed . The bailout of the California State Teachers’ Retirement System enacted last year requires a 70 percent increase in pension contributions from school districts, a 20 percent increase from the state general fund and a 10 percent increase in teacher contributions. When the phased-in increases are complete in 2020-21, CalSTRS will get […]