Teacher Pension Funds Hit District Budgets, Fordham Report Says
School districts across the country are so hobbled by the recession that they've increased class sizes, closed buildings and scaled back pre-kindergarten programs. Some have closed for summer a month early.
Despite an economic recovery, the worst days are yet to come, according to a new report.
Unfunded liabilities from teacher pensions have been eating away at school district budgets. And because of the looming retirement of baby boomer teachers, the pension liabilities are projected to grow exponentially, according to a report from the right-leaning Thomas B. Fordham Foundation on Thursday.
The report takes a deep look at three school districts -- Milwaukee, Cleveland and Philadelphia -- and the impa
Despite an economic recovery, the worst days are yet to come, according to a new report.
Unfunded liabilities from teacher pensions have been eating away at school district budgets. And because of the looming retirement of baby boomer teachers, the pension liabilities are projected to grow exponentially, according to a report from the right-leaning Thomas B. Fordham Foundation on Thursday.
The report takes a deep look at three school districts -- Milwaukee, Cleveland and Philadelphia -- and the impa
