The 2022 stock market plunge has taken a toll on some of the nation’s largest state and municipal pension funds, making it harder for governments to pay for future retirement benefits to millions of K-12 teachers and other public employees.
Here, Michael Addonizio, an education policy expert at Wayne State University, provides insight on how teacher pensions are affecting K-12 school budgets overall and what, if anything, can be done to better manage pension systems and close funding gaps.
