Sentences with phrase «cutting teacher retirement benefits»
Not exact matches
New York (CNNMoney)- Illinois lawmakers approved a landmark pension reform package Tuesday that would cut retirement benefits for teachers, nurses and other retired and current state workers.
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New York State lawmakers, at the urging of Gov. Cuomo, voted on March 15 to cut the retirement benefits for future public employees including New York City public school teachers.
Rising costs have led states and districts to scale back their spending on instructional costs, including on teacher salaries, and cut retirement benefits for new workers.
The teachers lined out the door Monday afternoon to attend a House Finance Committee hearing on Senate Bill 200, which would cut public employee retirement benefits to shore up the state retirement plan.
Due in large part to rising pension costs, the state has also cut the value of the retirement benefits it offers its teachers.
States are in the midst of their own contribution increases and benefit cuts, and as a result today's teacher retirement plans are worse than those offered to prior generations.