Windmillin'

Icon

Where politics and faith dance in the shadow of the windmill.

It was 20 years ago today…

Republished from Written and Noted

Screen Shot 2017-06-22 at 1.45.53 PM

Amnesia can be wonderful thing, especially in politics. To listen to  John Kennedy, one may think that of course, the teacher pension problem is about poor planning. Then again, that may not be a flaw but a feature. He writes for the West Michigan Policy Forum:

It’s simple math. Today’s vastly underfunded teacher pension systems are not good for our teachers or students. Twenty years ago our state teacher retirement plan was fully funded, but due to poor financial planning assumptions and not meeting the annual funding requirement, there is now a shortfall of least $29 billion.

Here’s where amnesia takes over: twenty years ago the Engler administration raided the teacher pension fund as part of Prop A. Under that same plan, the Engler administration also shifted responsibility for increases in pensions to the local districts. The raid destabilized the funds and the cost shift meant that districts came into fiscal risk while simultaneously losing money to effectively teach their children.

And to spell this out completely: John Engler enjoyed some of his most significant support from the Republican party of W Michigan. This crisis is almost entirely one of their own making.

Advertisements

Filed under: Education Policy, Michigan, , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: