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Georgia's Teacher Pension Budget on a $100 Billion "Financial Roll"

forbes.com

Georgia’s teacher pension budget is on a $100 billion “financial roll” according to the Atlanta Journal Constitution.

After a difficult year of pandemic struggles, the Teacher’s Retirement System of Georgia which covers about 400,000 retired public school, university and technical college educators reported a 58% jump from stocks and other investments.

This resulted in a big improvement of about 92% in assets needed to pay future benefits.

Because the system is currently flushed with cash, state lawmakers are unlikely to make significant changes to it; according to Chuck Martin, a Republican from Alpharetta, and Chairman of the Georgia House Higher Education committee.

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