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Teacher Pensions: The Math Adds Up to a Crisis
CBS MoneyWatchLink to more items from this source
Jan. 28, 2015

"In 2014, state teacher pension systems had a total of $499 billion in unfunded liabilities, which has risen $100 billion in just two years, according to a new report from the National Council on Teacher Quality, a nonpartisan research and policy group dedicated to restructuring the teaching profession. The report card on teacher pensions found that 70 cents of every dollar contributed to state pension systems pays for this massive debt rather than covering current employees' future retirement benefits."

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