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Thomas B. Fordham Institute2
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Costrell, Robert2
Maloney, Larry2
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The Big Squeeze: Retirement Costs and School District Budgets. Paying the Pension Price in Philadelphia
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Costrell, Robert; Maloney, Larry – Thomas B. Fordham Institute, 2019
Teachers and other employees of the School District of Philadelphia receive their retirement benefits from the Pennsylvania state retirement plan for schools, which includes both a defined-benefit pension plan and a modest retiree health benefit. The cost of the former is expected to rise quite substantially and, as this technical analysis will…
Descriptors: Retirement Benefits, Public Schools, School Districts, Urban Schools
The Big Squeeze: Retirement Costs and School District Budgets. Ohio Pension Reform in Cleveland: New Teachers Beware
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Costrell, Robert; Maloney, Larry – Thomas B. Fordham Institute, 2019
At first glance, the recent teacher-retirement reforms in Ohio seem to bring good fiscal news to school systems in the Buckeye State. With Senate Bills 341 and 342--and a series of cutbacks on retiree healthcare--the Cleveland Metropolitan School District is projected to spend less on retirement costs in 2020 than it does today. But these reforms…
Descriptors: Retirement Benefits, Public Schools, School Districts, Urban Schools