[Uncle Chip]

All it will take is another Flash Crash-like event, or a liquidity crunch, and the 355,000 "full-time, part-time and substitute public school teachers and administrators working outside the city of Chicago" will likely end up with a big, fat donut in their retirement portfolios courtesy of some deranged lunatic, portfolio manager, situated externally at a bank like Goldman Sachs, who in taking a page straight out of Obama's bailout nation, has decided there is no such thing as risk. And to those naive enough to think the TRS is the only such fund which has now gone all-in on "no risk and infinite return", wait until such stories start emerging about every single massively underfunded pension and fully insolvent fund in the US.

It couldn't happen to a more deserving group of greedy underperforming overpaid unionists.

[TitansAFC]

Chew on this:

There are more education majors currently enrolled in U.S. Colleges than there are teachers teaching in classrooms in all of America.

Teachers are going to soon endure multiple life lessons.

[sarasmom]

“It couldn't happen to a more deserving group of greedy underperforming overpaid unionists.

AGREED!

And soon to be repeated throughout the USA by their ideological brethren.