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SACRAMENTO, Calif. (AP) — The unfunded liability for California’s teacher pension fund has risen to $64.5 billion, an amount that is $8.5 billion higher than a year ago but not as bad as forecasts had anticipated, fund officials said Tuesday.

The figure represents the amount of additional funding the California State Teachers Retirement System would need to pay the benefits promised by law to current and retired teachers for the next 30 years.

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