June 6, Fordham LIVE!: No Way Out? How to Solve the Teacher-Pension Problem
America’s teacher-pension systems (with up to a trillion dollars in unfunded liabilities, according to some estimates) present a raging public-policy dilemma. Career teachers deserve a secure retirement, but lawmakers promised them benefits the system cannot afford. So what’s the least bad option going forward? Who should bear the brunt of this legacy of fiscal irresponsibility?