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Aldeman, Chad – Education Next, 2019
Los Angeles Unified, the second-largest school district in the country, is on pace to spend more than half of its annual budget on retirement and health-care costs by the year 2031. By then, it is projected to spend 22.4 percent of its budget on pensions and 28.4 on health-care benefits for current and former workers. The cost of health care is…
Descriptors: School Districts, Teacher Employment Benefits, Health Services, Public Education
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Podgursky, Michael; Aud Pendergrass, Susan; Hesla, Kevin – Education Next, 2018
Public school districts are facing twin challenges: maintaining a labor supply of qualified teachers while shoring up the deteriorating system that compensates them. Keeping public-school teachers' pensions plans flush is expensive, and it accounts for a growing share of education spending. In some states, public charter schools provide an…
Descriptors: Charter Schools, Innovation, Teacher Retirement, Retirement Benefits
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Costrell, Robert; Podgursky, Michael – Education Next, 2009
The ongoing global financial crisis is forcing many employers, from General Motors to local general stores, to take a hard look at the costs of the compensation packages they offer employees. For public school systems, this will entail a consideration of fringe benefit costs, which in recent years have become an increasingly important component of…
Descriptors: Teacher Salaries, Public Schools, Fringe Benefits, Teacher Retirement