Monday, February 11, 2008
Pension Deficit Now $31 Billion
The deficit in the State Teachers Pension Fund continues to grow, from an estimated $24 Billion to approximately $31 Billion today. That number represents over $18,780 PER STUDENT and growing. The number keeps getting worse and yet demands keep going up; at some point the damn will break and there'll be nobody home to clean up the mess. Please contact your state representatives in Lansing and demand action to clean up the pension mess they have created.
The page reproduced below is page 46 from the state audit (which you can find here).