Those salary increases will, according to Folwell, result in a $176 million unfunded liability for the Teachers and State Employees Retirement System (TSERS) because retirement benefits are based on a percentage of the employees final compensation. The contributions to TSERS by school systems, stat...
The department of state treasurer provides retirement benefits for more than 900,000 teachers, law enforcement officers and other public workers. Treasurer Folwell also oversees the State Health Plan and is responsible for assuring the financially sound
The department of state treasurer provides retirement benefits for more than 900,000 teachers, law enforcement officers and other public workers. Treasurer Folwell also oversees the State Health Plan and is responsible for assuring the financially sound