For every $ 100 paid in salary, states and school districts are paying $ 12
toward pension debts and only $ 5 in benefits for current teachers.
Today, 85.2 percent of South Carolina's pension contributions are going
toward pension debt.
Today, 87 percent of New Jersey's pension contributions are going
toward pension debt.
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.