By Jacqeline Rabe Thomas
Connecticut has the fourth highest pension costs for its public school teachers in the U.S., a new report released today shows.
The high costs are largely attributed to a failure to save enough to pay for future pension promises, the report from TeacherPensions.org concludes.
The report is a project of Bellwether Education Partners, a nonprofit funded by The Joyce Foundation and the Laura and John Arnold Foundation.
“Like the proverbial Pac-Man, the rapidly rising costs of teacher retirement and insurance benefits are pushing out money that could be spent on salaries,” the report concludes.
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