Thursday, October 09, 2008

'Fixing' for fixing's sake

Can I note how pathetic this suggestion is? I mean, is the governor just trying to find ways to undercut education at every turn?

There's absolutely no logical reason to do this. The Teacher's Retirement System is financially sound, is a long-term investor and is funded by the money put into the system by the teachers. It's 94.7 percent funded at its last valuation, and financial experts will tell you that anything more than 80 percent is sound.


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