Report
School Finance, Teachers & School Leaders
Paying the Pension Price in Philadelphia
One of three technical reports on retirement costs and school-district budgets.
Report
School Finance, Governance
The Big Squeeze: Retirement Costs and School-District Budgets
When it comes to pension reform in the education realm, it’s hard to stay positive. Here, we’re saddled with a bona fide fiscal calamity (up to a trillion dollars in unfunded liabilities by some counts), and no consensus about how to rectify the situation. No matter how one slices and dices this problem, somebody ends up paying in ways they won’t like and perhaps shouldn’t have to bear. All we can say is that some options are less bad than others.
