US - A bill that would repay over time a US$500m state contribution that has been withheld from the US$125bn California State Teachers' Retirement System (CalSTRS) has been passed by the Assembly committee on public employees, retirement and social security in a unanimous vote.
CalSTRS said the committee vote on AB 55 (Mullin) brings the fund one step closer to recovering the payment, that supports supplemental payments to about 63,000 retired educators and their survivor...
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