LAO

Cal School Budgets: Pension Costs Rise from 3.8% to 9%

California schools are about to suffer a 235% increase in the percentage of their annual budgets that are devoted to teacher pensions managed by the California State Teachers Retirement System (CalSTRS). The stunningly higher costs will slash the number of classroom teachers in all predominantly middle-class schools, but exempt inner-city school districts with high “English learners and recipients of subsidized meals.”

CalSTRS (Paul Sableman / Flickr / Creative Commons)