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Berman noted that by agreeing to work for LAUSD, where teachers are covered by the California State Teachers Retirement System and not enrolled in Social Security, career-changing new teachers could lose up to 66 percent of the Social Security benefit that they already have earned. The California State Teachers Retirement System might establish a statewide health-care system for its members and might bypass traditional health maintenance organizations to contract directly with providers. We are honored to have such a leading institution as the California State Teachers Retirement System as one of our investors," said Lionstone Principal Glenn Lowenstein. |
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