$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.