Hudson Reporter - Charter school employees to lose retirement benefits Hoboken JC schools protest possible pension losses

Hudson Reporter - Charter school employees to lose retirement benefits Hoboken JC schools protest possible pension losses:

Charter school employees to lose retirement benefits?
Hoboken, JC schools protest possible pension losses

byStephen LaMarca
Reporter Staff Writer

Jun 10, 2012 | 229 views | 0  | 2  |  | 

view slideshow (2 images)

Several Hudson County charter schools have joined the effort to oppose a new regulation being considered by the Internal Revenue Service. The regulation would set rules on whether certain public entities are eligible for government pension plans. Under the regulation, the nation’s charter schools would not be deemed a government entity, which could conceivably bar future charter employees from receiving government retirement benefits (present employees probably would not be affected).

Charter school associations fear that having to pay for private pension plans could become expensive, and the inability to offer government benefits may mean these schools can’t compete with other schools for the best teachers.
_____________
“We want to make sure that every charter school has a chance to hire some of the best teachers in the state.” –Carlos Perez
____________Charter schools are public schools that are often founded by parents and educators. They

Read more:Hudson Reporter - Charter school employees to lose retirement benefits Hoboken JC schools protest possible pension losses