The Big Squeeze: Retirement Costs and School District Budgets. Ohio Pension Reform in Cleveland: New Teachers Beware

Autor/inn/en	Costrell, Robert; Maloney, Larry
Institution	Thomas B. Fordham Institute
Titel	The Big Squeeze: Retirement Costs and School District Budgets. Ohio Pension Reform in Cleveland: New Teachers Beware
Quelle	(2019), (32 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Retirement Benefits; Public Schools; School Districts; Urban Schools; Budgets; Teacher Retirement; Public School Teachers; Costs; Taxes; State Legislation; Beginning Teachers; Health Insurance; Economic Impact; Enrollment; Income; Ohio (Cleveland) + Suchen Sie Ihr Suchwort? Retirement pay; Ruhegehalt; Public school; Öffentliche Schule; School district; Schulbezirk; Urban area; Urban areas; School; Schools; Stadtregion; Stadt; Schule; Finanzhaushalt; Cost; Kosten; Abgabe; Landesrecht; Junior teacher; Junglehrer; Krankenversicherung; Ökonomische Determinanten; Einschulung; Einkommen
Abstract	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 come at a big price. While much of the burden was taken off school districts, it now falls heavily on the shoulders of Cleveland's newest teachers. This report projects the city's future retirement obligations and illuminates how retirement reform can help solve the pension-funding problem--and some of the accompanying challenges. [For the summary report, see ED598726.] (ERIC).
Anmerkungen	Thomas B. Fordham Institute. 1701 K Street NW Suite 1000, Washington, DC 20006. Tel: 202-223-5452; Fax: 202-223-9226; e-mail: thegadfly@fordhaminstitute.org; Web site: https://fordhaminstitute.org/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01