NEWS: CalSTRS at risk of disaster despite 2014 bailout

Although the CalSTRS teachers retirement fund received a bailout in 2014, the program is again approaching the brink of insolvency and may soon pass a “point of no return” where its total collapse becomes practically irreversible, reports CalWatchdog. School districts are becoming increasingly panicked about the worsening state of affairs and how it is impacting their ability to balance their budgets.

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