Sentences with phrase «teacher pension obligations»

In this paper, authors Marguerite Roza and Jessica Jonovski model the impacts of late - term raises on teacher pension obligations showing that on average each dollar raise triggers $ 10 to...

Not exact matches

Over the past few years, public pensions including California Public Employee's Retirement System (CalPERs) and California State Teacher's Retirement System (Calstrs)-- the largest in the country by assets — have posting mediocre returns due to low interest rates and growing retirement obligations.

The No. 1 goal of the Connecticut Education Association, the largest union representing teachers, was to block the governor's proposal to shift a huge portion of the teachers» pension obligation to towns and cities.

Again, though, the new ESEA should allow states great latitude in structuring that right (for instance, they could give that choice to individual teachers, or allow a school - by - school vote); regardless, each state will have to figure out what to do with its pension obligations to teachers who switch to the new contract.

Conversion specifics will vary by state; obviously, those with huge unfunded liabilities will have a tougher time finding an elegant solution to converting past pension obligations for teachers nearing vesting milestones.

The bulk of this increase went to paying down debt on existing pension obligations, not to the direct costs of providing new benefits for current teachers.

The district's rapidly increasing obligations to the Chicago Teachers» Pension Fund represent one of its biggest liabilities, putting enormous stress on the school system's budget as it makes hundreds of millions of dollars worth of annual pension paPension Fund represent one of its biggest liabilities, putting enormous stress on the school system's budget as it makes hundreds of millions of dollars worth of annual pension papension payments.

PENSION - FUELED LAYOFFS: Are teachers getting laid off because of rising pension obligPENSION - FUELED LAYOFFS: Are teachers getting laid off because of rising pension obligpension obligations?

City, school and Chicago Teachers Union officials have looked to Springfield for a permanent fix that would address the weight of the district's pension obligations.

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.

In its research report, the Fordham Foundation uses the PSERS system's projections of future contribution rates to estimate what Philadelphia's school system will need to pay in coming years to adequately cover its obligations within the state's teacher pension funds.

Teacher salary decisions are often made with little connection to the pension obligations they entail.

And, while not part of the budget for education, Illinois must also pay down the portion of the state's annual pension obligation bond payments (POBs) allotted to the Teachers» Retirement System, or TRS, which covers all Illinois elementary - and secondary - school teachers outside of Teachers» Retirement System, or TRS, which covers all Illinois elementary - and secondary - school teachers outside of teachers outside of Chicago.

Here is a late entry for consideration: a study out of Georgetown examining the impact on pension obligations of substantial, late - career raises for teachers.

Also I'm sure you are also aware certified charter school teachers are also in the teacher retirement system which means public dollars are going to pay for their pension obligations.

The Legislature laid out districts» obligations through 2020 - 21 in a deal three years ago to rescue CalSTRS, the state teachers pension fund, and CalPERS, the pension fund that covers state, municipal and non-credentialed school employees.

Even though, as my colleagues have pointed out, pensions are not an effective way for the majority of today's teachers to save for retirement, that isn't an acceptable reason to retreat on existing pension obligations that current teachers rely on and need in their retirement.

A state in crisis can't meet its pension obligations, and so breaks promises made to teachers and state employees decades ago.