The teachers pension fund is paying out more than $1 billion in benefits a year — much more than it has been taking in — and experts say the fund could collapse within a few years.
By MARY WILLIAMS WALSH, New York Times
Wed, 09/19/2012 - 8:13am
The teachers pension fund is paying out more than $1 billion in benefits a year — much more than it has been taking in — and experts say the fund could collapse within a few years.