The Montana Teachers Retirement System needs an infusion of $633 million to avoid running out of money by 2055, consultants hired by the system said in a report released last week. Without the additional funding, they said, future school system contributions would need to increase by about 20 percent, or benefits would need to be decreased. The funds long-term projected deficit reached nearly $1.8 billion this year.
A version of this article appeared in the October 12, 2011 edition of Education Week as Problems Mount for Pensions
