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URL:  http://boards.fool.com/by-any-rational-accounting-calstrs-is-insolvent-30544766.aspx

Subject:  Re: Opposition to Iger Date:  2/15/2013  3:50 PM
Author:  chk999 Number:  48419 of 49467

By any rational accounting, CalSTRS is insolvent. On an actuarial basis, their liabilities greatly exceed their assets and the taxpayers of California are on the hook for the difference, which is really a lot of money.

If they told me the sun was going to rise tomorrow, I'd check.
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