Aldeman: 3 differences between California’s teacher pension system and social security that have a huge impact on retirees — new report
Teachers may not miss what isn’t there. In California and 14 other states, plus the District of Columbia, public school teachers do not participate in Social Security. They won’t find any deductions for Social Security taxes on their pay stubs. Unlike teachers in other states who get both Social Security and a retirement plan, they...
By Chad Aldeman | December 17, 2019
Analysis: California’s universities offer much better retirement plans than its K-12 districts. Why we need to offer our teachers more mobility, flexibility and fairness
Why do states give employees at public colleges and universities better retirement plans than they give their employees in K-12 schools? The root of this disconnect started a century ago, when Andrew Carnegie created the Teachers Insurance and Annuity Association of America to provide guaranteed retirement income and life insurance, mainly to college professors who...
By Chad Aldeman | October 28, 2019
Commentary: LAUSD may owe $13.6 billion for health care & pensions — and the strike made things worse. Obamacare is a way out
When then-President Barack Obama signed the Affordable Care Act in 2010, the law immediately made some employee benefits offered by state and local governments redundant at best or regressive at worst. This issue is playing out in a painful way in Los Angeles. Teachers in the second-largest school district are now back at work after...
By Chad Aldeman | February 3, 2019