Graves County Superintendent Kim Dublin in Kentucky is apparently concerned that forcing her teachers to accept the same retirement plans offered to almost every private sector employee in the country would literally “dismantle public education” as we know it.
Speaking to a local NBC affiliate in Kentucky, Dublin told reporters that she relies on the excessive generosity of Kentucky taxpayers to underwrite her state’s lavish defined benefit plans that she uses as a recruiting tool to attract the ‘best talent’.
A local school leader says she believes proposed changes to Kentucky’s pension system would dismantle public education.
Any day now, Kentucky Republican Gov. Matt Bevin could call for a special session for a vote on pension reform.
Some changes include putting new teachers – or teachers who have fewer than five years of experience – onto a 401k style system. Teachers with more than five years in the classroom will still be able to retire with a full pension after 27 years.
That would limit how long they could continue paying into a pension after reaching that number of years. The current proposal allows for three additional years.
Graves County Superintendent Kim Dublin is concerned by many aspects of the proposal.
She says the current pension system allows her to recruit and retain qualified teachers. ‘Our success is because of people, not programs,’ she says.
This post was published at Zero Hedge on Oct 31, 2017.
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