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Study: Pension plans generally better for teachers than 401K-style accounts

Retirement plans for teachers are currently receiving considerable attention as some states struggle to recruit and retain teachers, but also to fund schools while also fulfilling pension obligations. One of the largest draws to the teaching profession used to be the generous nature of most state retirement plans. However, since the market crash in 2008, 48 states have made changes to their pension plans as have many companies across the nation.

Many states are now facing unfunded liabilities that range from mildly concerning to nearly catastrophic.

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