Sentences with phrase «said teacher pension costs»

Tim Hoefer, executive director of the Empire Center for Public Policy, a conservative Albany - area think tank, said teacher pension costs as now structured «are unsustainable in the long term, in addition to being paid for on the taxpayers» dime.»

Not exact matches

The Educational Conference Board, a coalition of school boards, teachers unions, and school administrators, say the state's schools need and additional $ 1.5 billion next year just to keep up with rising costs like health insurance premiums and pensions.

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.

The Educational Conference Board, a coalition of school boards, teachers unions and school administrators, said the state's schools need an additional $ 1.5 billion next year just to keep up with rising costs like health insurance premiums and pensions.

Conservatively speaking, he said, the cost to governments that opt for pension smoothing — the numbers that appear in the highlighted column in the spreadsheet below — could very well more than double once law enforcement and teachers» pension costs are factored in.

Malloy wants to transfer hundreds of millions in teacher retirement costs to many towns but gives those same towns no say in pension benefits.

In his State of the City speech Bloomberg said pension costs for all city employees — not just teachers — have increased 360 percent since he became mayor in 2002 and calculated that if the subway fare had increased a similar amount, it would now cost straphangers $ 7.05 — each way — to go to work.

The Educational Conference Board, a coalition of school boards, teachers unions, and school administrators, say the state's schools need an additional $ 1.5 billion next year just to keep up with rising costs like health insurance premiums and pensions.

He contrasted the mayor's desire to let the millionaire's tax sunset this year — which he said would blow a $ 5 billion hole in the state budget — with the mayor's insistence in his State of the City address that the city needed to be able to reduce pension benefits and lay off «more expensive» senior teachers to cut costs.

A teacher pension fund reserve, he said, would provide districts with greater predictability in their budgeting, because it would give them a financial cushion in years when pension costs rise.

Fitzpatrick said one way to reduce pension costs — and thus, school taxes — would be to establish defined - contribution pension plans similar to the 401 (k) for newly hired teachers.

He said per capita pension costs are now higher than salaries for uniformed workers and teachers and pension costs increased by $ 600 million this year «and it's getting worse.»

With schools facing increased costs amounting to 4.5 per cent due to pay rises, National Insurance contributions and pension deficits, it's no wonder that more than 90 per cent of 1,000 head teachers surveyed by the Association of School and College Leaders (ASCL) say that their finances are going to be critically under pressure for 2015/2016.

But supporters said charters can o make per - student dollars go further because they are not saddled with out - of - control teacher pension and health - care costs.

For a typical secondary school of 920 students, this equated to a budget difference of # 1.9 m between the best and worst - funded areas, enough to pay the total costs - salaries and pension contributions - of 40 full - time teachers, he said.

Carrying an unfunded liability, or pension debt, of any size increases the cost of retirement benefits, because in addition to paying for the benefits teachers earn each year, employers are charged a premium on each employee to help pay off the accumulated pension debt, Mr. McGee said.

Additional costs for teachers as part of increased pension contributions could be «phased in» and be part of a broader agreement with teachers, Claypool said.

Atlanta Public Schools Chief Financial Officer Lisa Bracken said the school district has higher costs for several reasons: The expense of city living drives up teacher pay; the district has «low population» schools that lack economies of scale but are kept open «due to urban traffic constraints and community needs;» many students need extra services because they have learning problems or disabilities, don't speak English fluently or come from poverty; and the district has a large unfunded pension liability with growing obligations.

«Kumbaya, that's your word,» Emanuel said with a laugh as he returned to the scrum of TV cameras and made a case for the common interests he has been arguing for months that the teachers union and the city share in their fight with Rauner to help close a $ 480 million budget gap driven by pension costs.

«The governor's proposed changes to ECS and special education funding, coupled with his proposal to require towns to pick up one - third of the cost of teacher pension costs, will make it impossible for small towns to fund education without staggering increases in local property taxes,» said Betsy Gara, Executive Director of the Connecticut Council of Small Towns.

But it's really not as sensible as Rampell says: Taxpayers in plenty of states have fully funded teachers» pensions at a huge cost already, at least by highly optimistic government accounting rules.

But K - 12 school districts won't be feeling that flush; increases in districts» share of rising costs for teacher and other employee pensions will eat up $ 1.3 billion, more than 40 percent of the Prop. 98 increase next year and for the following two years, the LAO says.

That news, coupled with Republican proposals to scrap retiree health benefits and pensions for new teachers, skip cost - of - living adjustments for state employees and bypass written commitments for additional funding of «specialty» arts and P.E. teachers in elementary grades, will only exacerbate the state's well - documented troubles with teacher recruitment, critics say.

Shubha Banerjee, solicitor at Leigh Day, who represents 230 judges, said: «Following the report of Lord Hutton in 2011 into ways of reducing the costs of public sector pensions, the government sought to make changes across the public sector including to the pensions of police, firefighters, teachers, prison officers and others.