I received this via email this morning. I thought it was timely because just yesterday Howard Stern played audio of his producers in Harlem interviewing Obama supporters. There is something very very wrong with the educational system in this country whereas so many...
Education
Legislative Change Means $670 million More for Teachers’ Pensions
The state will have to come up with another $670 million for the teacher pension system in the next budget after a retirement fund panel crunched the numbers and adjusted its assumptions. The Teachers' Retirement System lowered what it expects from investments from...
Quick Pension Analysis
Ok, so I was getting asked about this the other day both in person and in the comments about why the pensions are really in such bad shape and what the latest GASB positions mean to the funds. GASB first. GASB Changes I did some poking around and the recent GASB...
One Word for CPS Teachers: Save
Save. Save as much money as you can. Live well below your means. The pension time-bomb is coming. One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. The Chicago Teachers’...