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Risking Teacher Nest Eggs: Financially-Troubled Pension Systems Require Change
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DeNisco, Alison – District Administration, 2013
The U.S. teacher pension system is in major financial trouble, with almost $390 billion in unfunded liabilities, according to a recent report from the National Council on Teacher Quality (NCTQ). And funding shortfalls grew in all but seven states between 2009 and 2012, the nonprofit research and policy group found. Though the current economic…
Descriptors: Teachers, Retirement Benefits, Teacher Retirement, Economic Climate