BRADENTON, Fla. - The public pension plan for Louisiana’s teachers is among the most expensive in the country with more than $11.7 billion in debt driven by “years of irresponsible budgeting practices” by state policymakers, according to a report from an organization called TeacherPensions.org.

In a 24-page report called, “Bayou Blues: How Louisiana’s Retirement Plan Hurts Teachers and Schools,” the public policy think tank concludes that state officials are responsible for the system’s large and growing unfunded liabilities, and teachers are paying the price for past mistakes.

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