Teachers Would Have to Pay to Keep Their Pensions

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LANSING (AP) -- Most teachers and other public school employees could see more than 10 percent of their paychecks go to retirement costs next school year.

The change would come under legislation that takes some of the burden for retiree benefits off school districts' shoulders.

Teachers unions and public retiree groups say it's just one more attempt by Republican lawmakers to shift the cost for retiree benefits to current and former teachers.

Michigan Education Association spokesman Doug Pratt says the move "is not very fair."

Supporters say a quarter of school districts' budgets now go to cover pension costs, an amount that will climb 3 percentage points next school year if nothing is done.

Michigan has $45 million in unfunded liabilities for school employees' pensions and retiree health care.




 
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