pensions

Marion Herbert's picture

Easton Area (Penn.) School District Offering Retirement Incentives

The Easton Area (Penn.) School District is offering some of its longtime employees $5,000 if they submit notice by Friday to resign or retire, a move school officials say could offset teacher layoffs.

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ANGELA PASCOPELLA's picture

Some Michigan School Teachers Wait on School Employee Pension Reform

Several Washtenaw County schools are receiving fewer retirement notices than usual this spring as some teachers wait for legislators to act on reforming the school employee pension fund.

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ANGELA PASCOPELLA's picture

Schools' Pay Hikes Trigger Ill. State Penalties

At a time when suburban school districts are pushing back hard against taking over the state's share of teacher retirement costs, many are paying thousands of dollars — sometimes hundreds of thousands — in penalties for giving big raises to administrators and teachers and driving up pensions.

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NEA Offers New Tool to Clear Up 403(b) Plan Confusion

The industry-led Transparency Taskforce and the NEA release 403(b) tool.
ANGELA PASCOPELLA's picture

Proposal Would Have Ill. Schools Take on Teacher Pensions

As suburban school officials remain skittish about the idea of paying more toward teachers’ retirements, Illinois Senate President John Cullerton said a proposal he’s considering would spare local districts the cost of covering the immense pension debt the state has racked up.

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No Time for Old Tactics

Management and unions must work together in the face of an unprecedented funding crisis for public schools.

Will Pensions Bankrupt Your District?

State retirement funds are in crisis, and school systems will likely pay more of the bill.

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