Myers reports on state laws affecting the pensions of Chicago Public School teachers. He discusses the politics behind unions involved in the decision making process and their important role in determining a balanced budget. According to Myers, the Caucus of Rank and File Educators (CORE) is a recent contender "whose members say the Pension Board needs better...
Video: Pension Problems Extra Part II: Teacher's Funds
"The Minnesota Taxpayers Association recently completed a study of Minnesota's largest public pension funds and found that many are drastically under-funded to the tune of billions of dollars.
The worst case scenario is the Minneapolis Teacher's Fund - facing bankruptcy in a few years without a bailout from taxpayers."