Chad Aldeman's blog

  • The Census Bureau’s Annual Survey of School System Finances compiles total K-12 education spending and revenue across the entire country. The latest data shows employee benefits continue to eat away at school budgets.
  • For most teachers, vesting periods are largely symbolic. Merely vesting in a pension plan is not sufficient to guarantee a decent benefit, and many teachers would be better off withdrawing their contributions than waiting to collect a pension.
  • New York's teacher pension plan earns plaudits for its financial responsibility, but the way it accomplishes that has downsides as well.
  • Denver teachers should be concerned about how their school district's budget is being spent and how little control they have over their retirement plan.
  • As teachers in Los Angeles prepare to strike, the district is spending a rapidly rise share of its budget on employee benefits, rather than hiring more teachers or paying existing teachers teacher salaries.