How are teacher pension benefits funded? Under traditional plans, the full cost of career teachers' benefits far exceeds the contributions designated for them. The gap between the two has three pieces, which may (with some license) be mnemonically tagged the three R's of pension funding: "redistribution," "return," and…

Years of irresponsible budgeting practices have left the Teachers' Retirement System of Louisiana (TRSL) almost $12 billion in debt. Without significant reforms, Louisiana's pension problems are likely to get worse, with further negative consequences for workers and schools. This report shows that schools participating in the TRSL already must…

The seven issues discussed represent a consolidation of the larger number of urgent educational problems that faced the States in 1966, as well as those identified by the Steering Committee of the Education Commission of the States at a meeting in December of that year. The issues were first assigned as paper discussion topics, the writing of…