Protecting CA Students From Pension Costs
But California is radically boosting pension spending instead. Legislation bailing out California’s teacher pension fund requires a doubling of spending on pensions to more than $10 billion per year, leaving that much less for preparing, hiring, paying and upgrading active teachers. $10 billion is nearly three times more than the state spends on California State University or the University of California. Needless to say, California cannot deploy a sufficient number of great teachers for six million students when so much of its education budget is being diverted to pensions.