(Adam Jan/AFP/Getty Images)

Phil Matier: State Assembly To Tackle Teacher Pension Fund Shortfall

The liability, which has been building for years, is at least $71 billion.


People walk by JP Morgan Chase & Company headquarters in New York, August 14, 2013. (EMMANUEL DUNAND/AFP/Getty Images)

Public Employee Pensions Gets $299M In JPMorgan Chase Settlement

JP Morgan Chase & Co. will pay nearly $300 million to California’s public employee and teacher pension funds as part of a settlement related to mortgage-related investments.


(Adam Jan/AFP/Getty Images)

California Teacher Pensions Need $4.5B More Each Year, Report Finds

A new report said California needs to pay an additional $4.5 billion a year to shore up its financially shaky teacher retirement fund.


Weapons surrendered during a gun buyback program on December 15, 2012 in San Francisco. (Justin Sullivan/Getty Images)

California Teachers’ Pension Fund Moves To Divest From Gun Makers

The nation’s largest teacher pension fund is taking the first step toward divesting from companies that manufacture guns and high-capacity ammunition magazines that are illegal in California.


Bullet button

California Teachers’ Retirement Plan Invested In Gun Manufacturer

The nation’s largest teachers’ pension fund says it will review its holdings after being criticized for having an investment in the manufacturer of an assault rifle used in last week’s Connecticut school massacre.



California Teacher Pension Fund Posts Low Investment Return

California’s teacher pension fund has earned a 1.8 percent return from investments this year, a rate that falls short of expectations and could add to the system’s shortfall.


An instructor at Ursuline High School (

California Teacher Retirement Fund Lowers Investment Projections

The board overseeing California’s teacher pension system has lowered the fund’s investment forecast for the second time in 14 months.


California State Capitol in Sacramento (Justin Sullivan/Getty Images)

Stanford Study Finds California Pension Costs Skyrocketing

The Stanford Institute for Economic Policy Research said the shortfall in the plans that cover 2.6 million California teachers, state workers and university employees is too large to be solved only by cutting future payouts.



California Auditor Adds Teacher Pensions To ‘High-Risk’ List

The state auditor’s office is adding teacher pensions to the list of high-risk issues facing California government.


Gov. Jerry Brown

Brown Releases Plan For Calif. Pension Changes

Gov. Jerry Brown released a 12-point proposal to revamp California’s public-employee pensions Thursday.

KPIX 5 | CBS San Francisco–03/31/2011