CalSTRS CEO Jack Ehnes Recommends 50% Increase to CalSTRS Pension Benefits
It’s Your Backyard Ventura County By Ed Ring . “The median CalSTRS pension replaced less than 60 percent of final salary for the members who retired last year. CalSTRS recommends income replacement of 80 percent to 90 percent to maintain a similar lifestyle in retirement. Public educators do not receive Social Security benefits for their CalSTRS service.” – Jack Ehnes, […]
Tags: benefits, California Policy Center, Compensation, Ed Ring, pension, Public Sector, Public Sector Unions, Union Watch
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Source: http://citizensjournal.us/calstrs-ceo-jack-ehnes-recommends-50-increase-to-calstrs-pension-benefits/
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Jack Ehnes did not recommend a 50% Increase, or any increase to CalSTRS Pension Benefits.
It was a misunderstanding. In the remarks section of the Unionwatch article, Ed Ring acknowledges and apologizes for the misstatement.