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Teacher Pension Costs Are Crowding Out Education Spending
Manhattan Institute for Policy Research Oct. 18, 2016 "Almost every state increased retirement benefits for teachers in the booming 1990s ... By 2003, the funding for teacher pension plans overall was short by $235 billion; and by 2009, pension debt had more than doubled, to $584 billion.... [P]ension debt per pupil ... increased by an inflation-adjusted $9,588 between 2000 and 2013.... Retirement costs per pupil are already approaching 10% of all education expenditures." |
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