History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
CalPERS orders California, schools to boost contributions
- 06-24-2010
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By Marc Lifsher/Los Angeles Times
California's biggest public pension fund, which has suffered tens of billions of dollars in investment losses, is ordering the state government and a thousand school districts to boost their contributions to employee retirement funds by $709 million a year, beginning next month. On Wednesday, the board of the California Public Employees' Retirement System voted unanimously for the increase, about $601 million of which would come out of state coffers. Schools would pay the remaining $108 million to cover retirements of non-teaching personnel. (more...)
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