Wednesday, October 13, 2010

S.F. teachers aides' pensions shorted for years

S.F. teachers aides' pensions shorted for years

S.F. teachers aides' pensions shorted for years

At school district headquarters, teachers aides and union leaders protest the status of pension funds.

An untold number of teachers aides in San Francisco were shorted their legally required allocation of pension funds over a 16-year period, a problem that could leave the school district exposed to lawsuits or a run-in with theInternal Revenue Service.

The labor union representing the aides believes the pension problem could open the city's schools to up to $20 million or more in back taxes and penalties.

The problem dates back to the early 1990s when the district and the union, the United Educators of San



Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/10/13/MNNO1FROEN.DTL#ixzz12FVHGiGu