Pension problems help drive US protests for teacher raises

DENVER (AP) — The loudest rallying cries from Colorado teachers protesting for more education dollars were about dwindling paychecks that are steadily losing ground to the state's rising cost of living.

Teachers usually say a persistent funding shortage, which has cost public schools $6.6 billion since 2009, led them to walk off the job and close down schools last week.

Among the biggest reasons for lagging pay is one of the least understood: The rising cost of state pensions.

Colorado isn't the only state where an underfunded retirement system has played a role in a teacher uprising sweeping...

 

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