Teacher benefits are eroding pay

Teacher Benefits Are Eating Away at Salaries, writes Chad Aldeman on The Quick and the Ed.

Public school districts spent less per student in 2010-11 than the year before, the first decline in nearly four decades, the Public Education Finances Report confirms.

The report also shows that “employee benefits continue to take on a rising share of district expenditures,” writes Aldeman. From 2001 to 2011, public education spending increased 49 percent: Salaries went up 37 percent and benefits 88 percent. “Benefits now eat up more than 20 percent of district budgets, or $2,262 per student, and those numbers are climbing,” he writes.

Unfunded pension and health care promises total $1.38 trillion, Pew estimates.

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Comments

  1. Richard Aubrey says:

    Used to be in the business. If the pension plans had been currently funded according to the rules for private corps, we wouldn’t be in this position.
    Either the pension promises would have been hugely less, or the funding would have eaten up considerably more than it currently does.