Pension Plans & Chasing Yields
Mar 19th, 2007 | By Michael Shedlock | Category: Macro Economics
In New Jersey, the pension plan for teachers is badly underfunded, to the tune of $10 billion:
"The state shortfall for teachers' pensions has grown to $10 billion, an actuary reported Thursday.
"The latest report shows a $1.8 billion, or 22%, increase in the funding gap since the previous report a ...read more
