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ERIC Number: EJ1008891
Record Type: Journal
Publication Date: 2013-Jun-5
Pages: 3
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-0277-4232
Retirement Headaches Take Root
Sawchuk, Stephen
Education Week, v32 n33 p1, 22-23 Jun 2013
For years, the St. Louis school district has experienced the convergence of two trend lines school superintendents hope never to see: rising employee-pension costs and falling student enrollment. Despite years of fully funding its share of the teacher-pension plan, the proportion of the St. Louis district's budget tied up in paying benefits for its teachers now makes up about 10 percent--a factor that, coupled with other rising costs, is fueling ongoing cuts in this beleaguered district. St. Louis' situation has resonance far beyond the city, because its troubles are similar to those that other districts are likely to face. In St. Louis, many of the cuts have been shaped with input from the city teachers' union. Changes to the pension structure have not yet been made, but they have been proposed, and more are likely to be on the table in the future. "The current system is no longer sustainable by the district," said Steven R. Carroll, the school system's lobbyist in the state capital.
Editorial Projects in Education. 6935 Arlington Road Suite 100, Bethesda, MD 20814-5233. Tel: 800-346-1834; Tel: 301-280-3100; e-mail: customercare@epe.org; Web site: http://www.edweek.org/info/about/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Missouri