Pension puzzles part I (Dick Startz, Brookings)

Everyone knows that teachers get great pensions and that those great pensions make up for the less-than-stellar salaries teachers earn. Everyone knows that taxpayers are getting stuck with a huge bill for said pensions and that the money paying for those pensions is money not going into direct education support. Well, the first thing everyone knows isn’t true and the second thing everyone knows doesn’t come close to describing how bad the situation really is.

https://www.brookings.edu/blog/brown-center-chalkboard/2016/09/29/pension-puzzles-part-i/