Paying the Pension Price in Philadelphia
One of three technical reports on retirement costs and school-district budgets.
One of three technical reports on 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.
In this edition of the Ed Next Book Club, Mike Petrilli sits down with Tony Wagner to discuss his new book
In an era of budgetary belt tightening, state and local policy makers are finally awakening to the impact of teacher pension costs on their bottom lines. Recent reports demonstrate that such pension programs across the United States are burdened by almost $390 billion in unfunded liabilities. Yet, most states and municipalities have been taking the road of least resistance, tinkering around the edges rather than tackling systemic (but painful) pension reform. Is the solution to the pension crisis to offer teachers the option of a 401(k)-style plan (also known as a "defined contribution" or DC plan) instead of a traditional pension plan? Would this alternative appeal to teachers? When Teachers Choose Pension Plans: The Florida Story sets out to answer these questions.
This week, Mike Petrilli was a guest on "What’s the Big Idea?," a podcast hosted by Josh Starr
Shame on the New York Times
This new policy brief by Nathan Levenson, Managing Director at the District Management Council and former superintendent of Arlington (MA) Public Schools, offers informed advice to school districts seeking to provide a well-rounded, quality education to all children in a time of strained budgets. Levenson recommends three strategies: prioritize both achievement and cost-efficiency; make staffing decisions based on student needs, not student preferences; and manage special-education spending for better outcomes and greater cost-effectiveness.
Congratulations to Checker, who received the 2012 National Association for Gifted Children (NAGC) President’s award for outstanding contributions to the field of gifted education
Exam schools stretch the school dollar
Simplistic? Yes. Discriminatory? No.
Gifted education, selective public schools, and the troubles of one of America's best high schools
What is the best education for exceptionally able and high-achieving youngsters? There are no easy answers but, as Chester Finn and Jessica Hockett show, for more than 100,000 students each year, the solution is to enroll in an academically selective public high school. Exam Schools is the first-ever close-up look at this small, sometimes controversial, yet crucial segment of American public education.
Education budgets are tight and state and district leaders must make tough decisions about where to save. But is the public willing to accept cuts? If so, where? According to the results of this new survey, many Americans are open—selectively open—to dramatic changes in how school districts do business.
Here’s hoping Charles Murray is wrong
The Common Core State Standards (CCSS) for English language arts and mathematics represent a sea change in standards-based reform and their implementation is the movement’s next—and greatest—challenge. Yet, while most states have now set forth implementation plans, these tomes seldom address the crucial matter of cost. This report estimates the implementation cost for each of the forty-five states (and the District of Columbia) that have adopted the Common Core State Standards and shows that costs naturally depend on how states approach implementation.
The "new normal" of tougher budget times is here to stay for American K-12 education. So how can local officials cope? This policy brief, by Mike Petrilli, provides a useful tool for navigating the financial challenges of the current school-funding climate, complete with clear dos and don'ts for anyone involved in or concerned with local education budgets.
The latest installment of Fordham's Creating Sound Policy for Digital Learning series investigates one of the more controversial aspects of digital learning: How much does it cost? In this paper, the Parthenon Group uses interviews with more than fifty vendors and online-schooling experts to estimate today's average per-pupil cost for a variety of schooling models, traditional and online, and presents a nuanced analysis of the important variance in cost between different school designs.
Mike Petrilli and AEI's Rick Hess examine the consequences of the America's focus on achievement gaps in a Washington Post Op-Ed.
ED's diversity enforcement policies could negatively impact magnet schools.
Will the move toward virtual and “blended learning” schools in American education repeat the mistakes of the charter-school movement, or will it learn from them? The Thomas B. Fordham Institute, with the support of the Charles and Helen Schwab Foundation, has commissioned five deep-thought papers that, together, address the thorniest policy issues surrounding digital learning. The goal is to boost the prospects for successful online learning (both substantively and politically) over the long run.
When it comes to public-sector pensions, writes lead author Mike Lafferty in this report, "A major public-policy (and public-finance) problem has been defined and measured, debated and deliberated, but not yet solved. Except where it has been." As recounted in "Halting a Runaway Train: Reforming Teacher Pensions for the 21st Century," these exceptions turn out to be revealing—and encouraging. As leaders around the country struggle to overhaul America's controversial and precarious public-sector pensions, this study draws on examples from diverse fields to provide a primer on successful pension reform. Download to find valuable lessons for policymakers, workers, and taxpayers looking for timely solutions to a dire problem.
As part of the release of our new study, Do High Flyers Maintain Their Performance: Performance Trends of Top Students, we are hosting a forum for
"Do High Flyers Maintain Their Altitude? Performance Trends of Top Students," is the first study to examine the performance of America's highest-achieving children over time at the individual-student level. Produced in partnership with the Northwest Evaluation Association, it finds that many high-achieving students struggle to maintain their elite performance over the years and often fail to improve their reading ability at the same rate as their average and below-average classmates. The study raises troubling questions: Is our obsession with closing achievement gaps and "leaving no child behind" coming at the expense of our "talented tenth" and America's future international competitiveness? Read on to learn more.
We asked a few experts to weigh in on our new study, "Do High Flyers Maintain Their Performance: Performance Trends of Top Students," as part of an online forum we'll be hosting on Flypaper over the next couple days.
In this "Ed Short" from the Thomas B. Fordham Institute, Amanda Olberg and Michael Podgursky examine how public charter schools handle pensions for their teachers. Some states give these schools the freedom to opt out of the traditional teacher-pension system; when given that option, how many charter schools take it? Olberg and Podgursky examine data from six charter-heavy states and find that charter participation rates in traditional pension systems vary greatly from state to state. When charter schools do not participate in state systems, they most often provide their teachers with defined-contribution plans (401(k) or 403(b)). But some opt-out charters offer no alternative retirement plans at all for their teachers. Read on to learn more.
This policy brief lists fifteen concrete ways that states can "stretch the school dollar" in these difficult financial times. It is written by Marguerite Roza, senior data and economics advisor at the Bill & Melinda Gates Foundation and Michael J. Petrilli, executive vice president at the Fordham Institute.
In this volume, a diverse group of experts—scholars, educators, journalists, and entrepreneurs—offer wisdom and advice on how schools and districts can cut costs, eliminate inefficient spending, and better manage their funds in order to free up resources to drive school reform.
This study tackles a key question: Which of thirty major U.S. cities have cultivated a healthy environment for school reform to flourish (and which have not)? Nine reform-friendly locales surged to the front. Read on to learn more.
Brookings scholar Tom Loveless examines tracking and detracking in Massachusetts middle schools, focusing on changes that have occurred and the implications for high-achieving students. Among the findings: detracked schools have fewer advanced students in math than tracked schools and detracking is more popular in schools serving disadvantaged populations.