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CalSTRS Clarifies Effect of Proposed GASB Accounting Rules for State Legislators

On October 25, 2011, CalSTRS CEO Jack Ehnes sent a letter to the members of the California State Assembly and Senate in order to clarify issues and address concerns regarding the effect new accounting rules set by the Governmental Accounting Standards Board (GASB) may have on how the CalSTRS pension fund liabilities are reported.

Read the letter