CPS instead gets more state money in other education areas as Chicago homeowners pay property taxes that
cover teacher pension costs.
Not exact matches
That's enough to
cover about one - fourth of overall school spending in the two - county region, but experts said it is not sufficient to fully meet rising
costs of
teacher pensions and other high expenses.
School superintendents across the state had hoped that lawmakers would provide additional help, by allowing districts to set aside extra cash reserves to meet the
costs of
pensions covering teachers, guidance counselors and other professional school staffers.
It is of interest, then, that the American public tends to look favorably on a proposal that would require
teachers «to pay from their salaries 20 percent of the
cost of their health care and
pension benefits, with the government
covering the remainder.»
Teacher Benefits Question: Some argue that
teachers around the nation should be required to pay from their salaries 20 percent of the
cost of their health care and
pension benefits, with the government
covering the remainder.
As a result of inaction from the state to address this unfair burden on CPS, the District had to take money from the classroom to
cover rising
teacher pension costs.
In exchange for securing additional property tax money for
pensions, Emanuel wants
teachers to
cover the full
cost of their own
pension contributions.
- The largest
pension burdens are also associated with states that directly
cover the
cost of local school
teacher pensions.
Given that at least 6,006 Second City
teachers — or one - fifth of employees
covered by the
pension — will retire in the next decade, Emanuel will have to do more than just freeze
cost - of - living increases for pensioners of this and those drawing off the rest of the city's annuity funds.
The governor vetoed a bill that would have allowed New York school districts to issue bonds to
cover their projected
teacher pension cost increases over the next three years.
And in Illinois, as part of an upgrade to its school funding formula, the state will help Chicago
cover the district's
teacher pension costs.
The state
covers the
cost of
teacher pensions in the suburbs and Downstate, but not for CPS, which has long had its own
pension system.