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Teacher Pension Debt Stands At $500 Billion

Pension costs, which continue to grow, are a problem across a number of states and sectors (although there may be a few winners going forward). A new report from the Manhattan Institute out Tuesday argues that pensions for teachers are underfunded by as much as $500 billion: While pension benefits were increased in many states in the 1990s, as in almost every other sector with defined benefit contributions, states did not put enough money away to pay for these additions.
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