Current retirement benefits--and the future benefits of those now working in the classroom--are protected by the California and U.S. Constitutions.
Really? I'd like to know exactly which section of the US Constitution has any relationship to my retirement benefits.
Let's skip a bit, though, and read more:
Your retirement, disability and survivor benefits are guaranteed. The State of California is the guarantor of the benefits payments...Your CalSTRS Defined Benefit does not change with the ups and downs of the economy. It is based on your age, final compensation and years of service credit at retirement.
Given California's current economic situation and outlook, I'm not sure I should rest so easy.