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New York's lavish pay, pension and health care plans pushed for by powerful teachers' unions helped ramp up spending on school districts to a staggering $89 billion. ... when New York teachers ...
Private and semipublic companies with the most employees in the United States Rank Plan Total Assets (millions) DB Assets (millions) Funded Status FYE 2016 Assumed Rate of Return FYE 2016 1 CalPERS: $336,684 $335,083 73.1% 7.5% 2 CalSTRS: $216,193 $215,318 68.5% 7.6% 3 New York State Common Retirement: $201,263 $201,263 93.7% 7.0% 4
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
The Council of School Supervisors & Administrators (CSA) is a New York City based collective bargaining unit for principals, assistant principals, supervisors and education administrators who work in the New York City public schools and directors and assistant directors who work in city-funded day care. It was founded in 1962 as the Council of ...
The New York State Common Retirement fund is a public pension plan for the employees of New York State government. As of 2018 [update] , it was the third largest public pension plan in the nation, and held $207.4 billion in assets.
New York State United Teachers (NYSUT) is a nearly 700,000-member New York state teachers union, affiliated since 2006 with the American Federation of Teachers (AFT), the AFL–CIO, and the National Education Association (NEA). NYSUT is an umbrella group which provides services to local affiliates in New York state; lobbies on the local, state ...
The city is scrapping a bureaucratic hurdle to get qualified teachers in front of thousands of migrant children, as public schools face a shortage of bilingual educators on the first day of classes.
Pension spiking, sometimes referred to as "salary spiking", [1] is the process whereby public sector employees are granted large raises, bonuses, incentives or otherwise artificially inflate their compensation in the time immediately preceding retirement in order to receive larger pensions than they otherwise would be entitled to receive.