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Converting Texas Teacher Pensions to 401(k) Would Be Costly
The Austin American-Statesman Link to more items from this source
Aug. 31, 2012
"Dropping the guaranteed pension benefit for Texas' future school employees would be costly, complicated and reduce benefits for retirees, according to a new study by the Teacher Retirement System of Texas. The study, mandated by lawmakers last year, states that the $110 billion teacher fund can pay the benefits it owes through 2075 but will need additional contributions from the state or members to erase a $24 billion long-term funding liability."

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