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Bailout NJ Teacher Pensions?

Source: blog.nj.com Posted By: Smith L...3515 days ago

As of June 30, 2008 it was reported that the pension plan for New Jersey teachers is underfunded by $15 billion, a figure higher than the last valuation but certainly less than what it is now after three quarters of poor investment performance.

Would a bailout be in the cards for this plan?

Not a chance, and here's why.

As I blogged last year the real underfunding is much greater. Using reasonable assumptions while bringing liabilities up and assets down to date, a better estimate is $30....

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