City Teachers Guaranteed 8.25% Returns on 403(b) Plans

This is one of those stories that just makes you yell WTF! at the top of your lungs. From the indispensable Pension Tsunami website comes a link to this report about the teachers union’s unbelievably lavish defined-contribution plan. In addition to their insane pension benefits, which are breaking the backs of the city and state budgets, […]

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