Employee pension obligations worry Travis school district officials – The Reporter

By Richard Bammer

Travis Unified leaders heard a sobering account Tuesday of how Gov. Jerry Brown’s latest state budget may affect the Fairfield school district, with a finance official pointing out several caution-worthy variables, including inflation, capital gains, and per-pupil funding.

But perhaps most significantly for the district’s bottom line in the coming years are employee pension costs, said Ken Forrest, chief business officer for the 5,100-student district.

Like other California districts, Travis faces increased employee and employer contributions to the state teachers (CalSTRS) and state employee (CalPERS) retirement systems.

via Employee pension obligations worry Travis school district officials.

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