We used to spend 8 cents of every K-12 payroll dollar on benefits for former employees who no longer work for CA school districts. But now we spend 19 cents of each dollar bc of lower-than-expected pension returns. Hence LAUSD is considering expanding class size to 50-to-1.https://twitter.com/calefati/status/1003666069964242944 …
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The people who promised the unfunded retirement and health benefits are long gone.
End of conversation
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