The California State Teachers Retirement System pension fund has a $64 billion deficit in its defined benefit program, according to a report.
CalSTRS has $64 Billion Deficit
FEB 7, 2013 3:54pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY