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Ending Free Pension Giveaway Would Save Cleveland Schools $35 Million

imthumbudy Wrote: Aug 18, 2012 9:21 PM
It did for me.

For a school district facing possible bankruptcy, the Cleveland Metropolitan School District was very generous with its employees during the 2010-11 school year.

For example, taxpayers may be surprised to learn they paid the pension contributions for the district and the teachers during 2010-11. So instead of just paying the district’s $49 million contribution to the State Teachers Retirement System, taxpayers took care of the teachers’ $35 million contribution, too.

Of course, taxpayers didn’t really have a choice in the matter. That agreement had already been written into the district’s collective bargaining agreement with the Cleveland Teachers Union.

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