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Keyword: shoreup

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  • Assembly Democrats push to shore up teachers’ retirement fund

    02/01/2014 6:20:46 AM PST · by artichokegrower · 7 replies
    Sacramento Bee ^ | Jan. 29, 2014 | Jeremy B. White
    With California facing a massive teacher pension shortfall, Assembly Speaker John A. Pérez, D-Los Angeles, unveiled an effort Wednesday he hopes would fully fund the system. An influx of revenue has allowed California to emerge from years of yawning deficits and protracted budget fights, and the pressure is mounting for the state to do something about an avalanche of liabilities that runs into the hundreds of billions.