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About Teacher Pensions
Teacher pensions are emerging as a focus of many state and local policymakers as the gap between what states have saved for teacher pensions and what they have promised to pay retirees totals almost $500 billion. Teacher pensions are one important part of the more than $1 trillion shortfall states face for public sector pensions and benefits such as retiree health care today. Meanwhile, with Americans living longer and teachers more likely to retire at a younger age, the challenge of financing teacher retirements is only increasing.