Assemblymember Bonta: CalSTRS Solution Should Come This Year
(Sacramento) - Assemblymember Rob Bonta (D-Oakland), Chair of the Assembly Public Employees, Retirement and Social Security Committee, and Speaker John A. Pérez (D-Los Angeles) and have announced they will push to implement a long-term solution to the funding shortfall in the California State Teachers’ Retirement System (CalSTRS) this year. Assemblymember Bonta noted his committee would begin holding hearings in February. “I am eager to begin this process and confident that an equitable and permanent solution can and will be found to the CalSTRS funding problem. Ensuring the long term financial security of California's hardworking and dedicated teachers is a goal we are hopeful we can achieve this year,” Assemblymember Bonta said. Here’s more in this Assembly Access video.