Saturday, February 13, 2010

Out of Chalk - The Coming Public Teacher's Pension Revolution

Excerpt: All of this points to the reality that the NEA and AFT find themselves increasingly on the defensive as taxpayers, actuaries, school reformers and even legislators agree that traditional teachers' compensation packages are neither fiscally tenable nor effective in improving student learning.

Ultimately, it is the high costs that are forcing states and school districts to reconsider the bargains they have struck with teachers and the unions that represent them. By 2003-04, states spent $50 billion on teacher benefits, a near three-fold increase over the amount spent 16 years ago, according to the U.S. Department of Education.

Read full article here.

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