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$900 Billion

The shortfall in some 59 teacher pension funds, according to a new analysis. The funds promise to pay lifetime benefits to millions of the nation's retired...

The shortfall in some 59 teacher pension funds, according to a new analysis. The funds promise to pay lifetime benefits to millions of the nation's retired teachers, but taxpayers may find themselves on the hook for any defaults. Among the worst: California's State Teachers' Retirement System (CalSTRS), with a $97.5 billion shortfall.