SCOTLAND, P.J.
While California was in a period of fiscal plight in 2003, the Legislature passed, and Governor Davis signed, Senate Bill 20 (SB 20), reducing the state's obligation to fund the Supplemental Benefit Maintenance Account of the Teachers' Retirement Fund by $500 million for fiscal year 2003-2004.
The Teachers' Retirement Board (TRB), as manager of the California State Teachers' Retirement System (CalSTRS), then filed a petition for writ of mandate...
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