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Gov. Jerry Brown vows to start debate over California teacher pensions

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SACRAMENTO, Calif. (AP) — In Gov. Jerry Brown's promise to start paying off California's massive liabilities, the largest single unfunded debt will not be seeing any additional pay-down in the coming fiscal year. The unfunded liability for teachers' pensions stands at more than $80 billion, a gap so large that the fund is projected to deplete all its assets in about 30 years. It is the largest...

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