At stake in the fiercely contested campaign is control over a complex, underperforming school district whose ability to improve schools for nearly 665,000 students is compromised by declining enrollment, a $ 1.46 billion projected deficit, and billions of dollars in unfunded liabilities for retirees. (educationnext.org)
According to a recent policy study by Andrew Biggs for the Show - Me Institute, the total amount of unfunded liabilities for PSRS is more than $ 5 billion. (educationnext.org)
These gaps are likely to continue to widen as states and school districts attempt to pay down large unfunded liabilities in educators» defined benefit (DB) pension plans. (educationnext.org)