US Teachers State Pensions Near $500 Billion in Unfunded Liabilities

[NACBA]

If you think you have retirement worries, even teachers who are on a state-run pension may be in the same boat, or even worse down the road. A new report card prepared by the National Council on Teacher Quality shows that state teacher pension systems had a total of $499 billion in unfunded liabilities in 2014. Yes, that is just one interest payment short of hitting a half-trillion dollars.

Read more: US Teachers State Pensions Near $500 Billion in Unfunded Liabilities - 24/7 Wall St. http://247wallst.com/economy/2015/01...#ixzz3Q76LOJQc
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[ClydeCoulter]

Money? What money?

[tod evans]

But, but..........These neeeeeeeeeeeed to be paid!

Think about the children...

[tangent4ronpaul]

The state legislature out here as their last order of business voted to rob a environmental clean up fund that people donate to via the DMV and get special plates in return. Give money for the environment and it ends up in the general fund. Cute.

In the same bill, they took half of the teachers pension fund and replaced it with a IOU. Like that is ever going to be paid back

-t

[ClydeCoulter]

The state legislature out here as their last order of business voted to rob a environmental clean up fund that people donate to via the DMV and get special plates in return. Give money for the environment and it ends up in the general fund. Cute.

In the same bill, they took half of the teachers pension fund and replaced it with a IOU. Like that is ever going to be paid back

-t

They learned from the federal government, with SSI.

[oyarde]

how much of the 499 billion is Illinois and California ?

[Ronin Truth]

I SWAG that the teachers will get stiffed.

[specsaregood]

how much of the 499 billion is Illinois and California ?

I dunno, but around 50billion is NJ alone.

[oyarde]

I dunno, but around 50billion is NJ alone.

If I recall , Cal , Illinois and NJ are around 188 1/2 Billion , be interesting to see who is sitting on the rest of the unfunded.

[tangent4ronpaul]

Full report and state report cards:
http://www.nctq.org/siteHome.do

http://www.cbsnews.com/news/teacher-...p-to-a-crisis/

Teacher pension plans across the country are staggering from a half-trillion dollars in debt. Put in perspective, that's more than $10,000 worth of debt for every student in the nation's primary and secondary schools.

-t

[ZENemy]

What we allow, is what will continue.

[oyarde]

Full report and state report cards:
http://www.nctq.org/siteHome.do

http://www.cbsnews.com/news/teacher-...p-to-a-crisis/

Teacher pension plans across the country are staggering from a half-trillion dollars in debt. Put in perspective, that's more than $10,000 worth of debt for every student in the nation's primary and secondary schools.

-t

Looks like 14 states are above avg and the rest will be looking to steal more later to pay .