Monday, October 1, 2012

Evergreen Park and the pension cost shift. « Fred Klonsky

Evergreen Park and the pension cost shift. « Fred Klonsky:


Evergreen Park and the pension cost shift.

Can I absolutely prove that the proposals by some politicians, mostly Democrats, to shift the pension obligation from the state to local districts has provoked at least one strike and threatens to provoke others.
No. But I’ve been at this game long enough to have a strong feeling about it.
A reminder about the pension obligation.
Things get a little screwy here. So pay attention. And if I mess up the explanation, I always have my friend Glen Brown to straighten me out.
The state constitution requires that teachers and other state employees who pay into and are members of one of the state’s pension systems receive those pensions and the benefits.  In the words of the constitution, those


Ten minute drawing. Won’t back down.


Click on drawing to enlarge.