Report: Teacher pension funding gaps bigger than estimated

Teacher pension funding gaps are three times bigger than states are estimating and have become the nation's next greatest unfunded liability, according to a report by the Manhattan Institute and Foundation for Educational Choice.
The two groups released Tuesday their jointly sponsored report titled "Underfunded Teacher Pension Plans: It's worse Than You Think."
According to the 59 funds own financial statements, their unfunded liabilities are $332 billion. But the authors of the reports say the liabilities are $933 billion. Pennsylvania's officially stated funding gap is $9.4 billion while the report estimates it is $43.2 billion.
Find out more in Wednesday's Observer-Reporter.