US - The California State Teachers' Retirement System (CalSTRS) board has reaffirmed its opposition to Assemblyman Richman's Assembly Constitutional Amendment (ACA) 23, describing it as "actuarially unsound" and "not in the best interests of teachers".
The board reviewed independent analyses at a meeting on friday, and CalSTRS chief executive Jack Ehnes said ACA 23, which would ban defined benefit plans for all state and local employees hired aft...
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