Pensions work better for teachers than 401(k)s, expert writes

One of the arguments being made by politicians attacking teacher pensions nationally is that 401(k)s would be better for teachers anyway. Don’t believe it, writes Nari Rhee, director of the Retirement Security Program at the UC Berkeley Labor Center. “Our research shows, by the time most active teachers leave service — in their early 50s or later — they will be far better off with their pensions than they would have been with 401(k)s,” Rhee writes in a Los Angeles Times column.

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Legislative Update – June 15

The Joint Finance Committee unanimously nixed the governor’s plan to move state workers to self-insurance, after halting meetings for over a week, saying it was risky and they can find other ways to insure schools. “I’m happy we were able to do that without sticking it to state employees,” Rep. Gordon Hintz, D-Oshkosh, told Madison insiders. Other topics include the debate over K-12 funding, referendum restrictions and private school vouchers.

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Legislative Update and Action Alerts – May 19

This week’s Legislative Update includes Action Alerts to contact your elected officials and ask them to support full funding of public education over private charters and voucher schools, and to protect the Wisconsin Retirement System from unnecessary changes. Other topics include special education funding, school board candidate signatures and campus speech.

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Legislative Update – May 5

A fiscal estimate was received on a bill that WEAC is closely watching because it would raise the early retirement age for educators from 55 to 60 and change the calculation for final average earning. Other topics this week include: Legislative review of DPI’s plan for the federal Every Student Succeeds Act … Transportation funding plan affects state’s tax structure .. The governor says he’s confident school won’t start before September 1 … The governor is voicing support for a prevailing wage ban … Committee considers reducing size of the WERC.

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