ASTA | Study: Teacher Pensions Underfunded by Nearly $1 Trillion
posted by: Colin | April 19, 2010, 06:49 PM
Bad news this morning regarding teacher pensions, so I hope you've had your coffee. A recent study by the Manhattan Institute for Policy Research states that teacher pensions nationwide are underfunded by nearly $1 trillion—three times the estimate of government officials. The difference in estimates is because teacher pensions, unlike their private counterparts, assume a much higher—if unrealistic—return on investment and enjoy more freedom than private pension funds. Continue Reading...