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Study: Teacher Pensions Underfunded by Nearly $1 Trillion
posted by: Colin | April 19, 2010, 09:08 am   

Bad news this morning regarding teacher pensions, so I hope you've had your coffee.

A recent study by the Manhattan Institute for Policy Research states that teacher pensions nationwide are underfunded by nearly $1 trillion—three times the estimate of government officials. The difference in estimates is because teacher pensions, unlike their private counterparts, assume a much higher—if unrealistic—return on investment and enjoy more freedom than private pension funds. Continue Reading...

Senate Considering Bailout for Teachers
posted by: Colin | April 15, 2010, 09:23 am   

Sen. Tom Harkin (D-Iowa) is sponsoring a bill that would spend $23 billion of federal taxpayer money to help schools prevent impending layoffs. This $23 billion would be on top of the $100 billion provided to states as part of the 2009 economic stimulus. The bill follows warnings from Secretary of Education Arne Duncan that budget cuts could lead to 100,000 to 300,000 layoffs across the country. Continue Reading...

Midnight in the Garden State of Good and Evil
posted by: Colin | April 13, 2010, 09:35 am   

Actually, it is closer to high noon in New Jersey, where newly-elected governor Chris Christie is in a showdown with the teachers union.

In order to balance the budget, Gov. Christie has asked for teachers to accept a one-year pay freeze and contribute 1.5% of their salary towards health care costs Continue Reading...

Report Analyzes First Round of Race to the Top
posted by: Colin | April 08, 2010, 10:45 am   

The New Teacher Project (TNTP) has released a thorough, PowerPoint-style analysis of the first round of Race to the Top, complete with recommendations for the Department of Education. The report is detailed and few of our readers will have the time to read it all, but here are some interesting highlights: Continue Reading...

California Teachers' Retirement System Massively Underfunded
posted by: Colin | April 06, 2010, 03:00 pm   

According to a study by the Stanford Institute for Economic Policy Research, California public pensions are underfunded by over $500 billion, including the California State Teachers' Retirement System (CalSTRS) and the University of California's retirement system (UCRS). Continue Reading...

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