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Wednesday, February 8, 2012

School districts’ response to pension cost shift: “No way.” « Fred Klonsky

School districts’ response to pension cost shift: “No way.” « Fred Klonsky:

School districts’ response to pension cost shift: “No way.”

Governor Quinn wants teachers to pay twice.

The Cullerton-Quinn plan to shift the state’s constitutionally mandated pension obligation to local school districts is not going over too well.

The plan would have the effect of having teachers pay their current contribution of 9.4% and then give up salary and benefits so that their local school boards could afford to pay into the Teacher Retirement System.

Daily Herald:

“It’s either going to affect school districts who don’t have the money to absorb