Only 34 percent of Connecticut’s teachers will work until they reach retirement age and get the full value of their pension, according to a new study released by Education Next, a education journal produced by the Hoover Institution. Of new teachers starting out in education, only 55 percent will actually stay in the job for a full 10 years so they are vested in the pension plan.
A newly released report from state auditors begs the question: What is going on at the Connecticut Department of Education? Particularly egregious was the discovery that over 100 students – particularly athletes and academic high achievers – were being admitted to Hartford’s most prestigious magnet school without going through the lottery process.
Connecticut’s teacher pension fund leaves more questions than answers for both taxpayers and teachers, according to a study by the National Council on Teacher Quality. The report showed that despite the praise often heaped on teacher pension plans, they are becoming more costly to teachers, less flexible and ultimately unsustainable.
The University of Connecticut paid one dozen employees large settlements - many over $100,000 - to get them to resign and keep quiet about their time in state government, according to state auditors. Other agencies participated in the practice, too, although less frequently. The Auditors of Public Accounts faulted the practice because the agreements lacked oversight from the governor or attorney general as required by law and keeps potential whistleblowers from speaking out.
Facing a $3 billion deficit over the next two years, Malloy appears poised to propose a budget that achieves balance without significantly raising state taxes. At the same time, Malloy's changes to education funding could result in property tax increases in some towns. Malloy's proposal has three main components: changing the Education Cost Sharing formula, creating a separate fund for special education and changing the minimum budget requirement for towns.
Students from New Light High School, an alternative high school in New Haven, met Thursday with Rep. Robyn Porter, D-New Haven, and Sen. Len Fasano, R-North Haven, to discuss their concerns and learn about the political process. Although the students remained largely quiet, their adult escorts – including teachers – brought up the issue of job opportunity and the fact that young people are leaving the state.