So you want to really dive into how this stuff works? Great! This level has more detailed information, but we've done our best to still keep it in the English languge.

These advanced curriculum modules build on information you’ve learned in our Basics course. If you haven’t gone through those already, we strongly recommend spending some time there first. You’ll notice that we’ve made these modules more topical, so feel free to bounce around between them or start at the beginning and work your way through.

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1. The Right Way—and the Wrong Way—to Fund a Pension

Completion Time:
15 min
Pensions are not impossible to manage, but getting government policies to provide pensions appropriate funding is hard. From paying the pension bill each year to depending on new workers for cash flow, here are good and bad ways to manage a pension.
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2. What Is the Future for Pension Fund Investments

Completion Time:
25 min
Financial markets have radically changed over the past 20 years, from the dot-com bust, to financial crisis, to pandemic crash, and more. How should pension system retirements and fund managers think about the future of investing teachers' money?
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3. Where Assumptions and Methods Can Go Wrong

Completion Time:
25 min
Managing pension funds is a complex process that requires a lot of expertise and assumptions. And there are some particular decision points that are more likely than others to cause a pension system to develop a funding shortfall.
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4. The Urgency of Improving Pension Funding

Completion Time:
25 min
A common belief is that because pension funds are built for the long-term, that we don't need to worry if they aren't 100% funded today. But that is actually shortsighted thinking. Here's why.
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5. Pensions and the Teacher Workforce

Pensions are critical for recruiting and retaining teachers, right? Actually, not so fast. This creed might have made sense in the 20th century but pensions interact with the teacher workforce today in a different way.
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6. A Closer Look at Different Kinds of Retirement Plans

Completion Time:
8 min
Pensions can work well for teachers who are going to spend their entire career in the same state. For everyone else, there might other paths to adequate retirement income that would be more preferable.
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7. Looking to the Future

There are hundreds of billions of funding shortfalls for teacher pension benefits in America today. This is a major problem. But there is hope for a better future. Some states have managed to avoid these problems using policies that other states can borrow and adopt.
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