Survey: Teachers Retirement System Underfunded
The Public Fund Survey, using information from the 2008 fiscal year, ranked the state's teachers retirement system as having the fourth-lowest funding ratio among the 126 state pension plans it reviewed.OKLAHOMA CITY (AP) — A survey that examined the Oklahoma Teachers Retirement System says its pension fund is among the most underfunded of its type in the nation.
At the time of the review, the system had a funding ratio of 50.5 percent.
Guam's Public Schools Running Out of Money
The Guam Department of Education is seeking $10 million to carry the public school system through to Sept. 30, the end of the current fiscal year.Hagatna, Guam
Superintendent Nerissa Bretania Underwood says if the money isn't found, the department will have to shut down.
She says part of the shortfall stems from the department's need to pay a note to the Guam Power Authority of about $200,000 a