NEWS: California auditor lists CalSTRS’ underfunding among high-risk budget issues for state

Pension & Investments Online reports on a recent report of various high-risk budget issues released by state Auditor Elaine Howle stating that the funding ration for CalSTRS is well below what is fiscally sound. The pension fund’s own actuaries have also projected that at the current rate the retirement system will run out of money in about 30 years.

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