Governors: Lay Off Teachers and Worsen Your Budget Woes
Large numbers of school districts will be laying off teachers in the coming weeks in a desperate attempt to balance their very weak budgets. Meanwhile, Governors across the U.S., Democrat and Republican, alike, are demanding cuts to teachers’ pensions as a way to help balance their even weaker budgets. The problem is that by firing teachers, they will have less money going into the pension systems, thus exacerbating the problem.
In California, the CalSTRS system lost 25% over the past several years due to