State treasurer warns about teacher pensions

TRIUMVIRATE—California Treasurer Bill Lockyer, with Supervisor Linda Parks and Sen. Fran Pavley, says teacher pensions are unsustainable.
The California teachers’ pension system is headed for default unless a fix can be found, state Treasurer Bill Lockyer told a small gathering in Thousand Oaks last week.
Lockyer, the state’s chief banker since 2006, spoke to about 50 people attending a dinner hosted by Ventura County Supervisor Linda Parks at Tuscany restaurant. The public pol...

Oops! An active online subscription is required to access this content.

Please login below or Subscribe today!