The Pennsylvania Teacher's Pension Plan
From the Wilkes-Barre Times-Leader -
When it comes to teacher pensions, Pennsylvania has the fourth largest unfunded pension liability in the nation, according to a recent report that argues the pension systems in most states are not only unfair to taxpayers, they also are unfair to teachers.
The National Council on Teacher Quality compared pension plans in all 50 states, looking at unfunded liabilities and other factors. Nationwide, the report estimates teacher pensions systems have almost $325 billion in unfunded liabilities. Pennsylvania makes up slightly more than 6 percent of that total, with an unfunded liability of $19.7 billion – equal to $1,563 for every man, woman and child in the state.