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Thursday, January 20, 2011

The Answer Sheet - Pensions for teachers vs. chancellors

The Answer Sheet - Pensions for teachers vs. chancellors

Pensions for teachers vs. chancellors

It seems fair to note that after making a public stink about the awfulness of pensions for public school teachers, former New York City schools chancellor Joel Klein has himself accepted a $34,000 pension check. Klein recently penned an op-ed published in the Wall Street Journal titled “Why Teacher Pensions Won’t Work,” in which he equates the pension system for New York City’s public teachers to a Ponzi scheme.