Alameda Unified’s pension costs could nearly triple and those of its teachers could rise by 25 percent under Governor Jerry Brown’s proposal to reform the California State Teachers Retirement System, or CalSTRS.
Governor Jerry Brown’s proposed budget offers California’s school districts some good fiscal news in the form of higher per-student funding and payment of billions of dollars of prior-years’ IOUs. But it also offers the possibility of higher pension costs for school and community college districts as soon as 2015.
Welcome to this year’s kickoff edition of The Broad Brush, your 60-second news review. Here’s what happened this week.
State Controller John Chiang’s office recently released 2012 pay, pension and health cost data for California’s city and county employees, offering a detailed breakdown of costs by both employee and department. The Alamedan posted some of the key details Chiang offered up on Alameda’s municipal workforce in this graphic.