Sentences with phrase «toward pension debt»

Today, 87 percent of New Jersey's pension contributions are going toward pension debt.

Today, 85.2 percent of South Carolina's pension contributions are going toward pension debt.

For every $ 100 paid in salary, states and school districts are paying $ 12 toward pension debts and only $ 5 in benefits for current teachers.

Not exact matches

Most of the proceeds from the sale of Alton's sewer system and water treatment plant would go toward combined police and fire pension debt of more than $ 113 million.

He wants the money to go toward paying down the state's debt, especially the $ 74 billion unfunded liability from the state's teacher pension plan (CalSTRS).

Nationally, for every $ 1 that states and schools are contributing to pensions, 70 cents goes toward paying down debt and only 30 cents goes toward actual teacher benefits.

For every dollar states and local school districts are contributing to teacher pension plans, an average of $.70 goes toward paying down pension debt.

Debt costs: The majority of contributions into teacher pension plans today are not going toward retirement benefits for today's teachers; they're mainly going toward unfunded pension liabilities.

Earlier this month, nine foundations and nonprofits pledged $ 330 million toward Detroit's pension debts.