Tuesday, February 7, 2012

The Real Cost of Teacher Pension Shift

What does $47 million mean to me? 465 jobs. That’s right. Under the Governor’s plan to shift some of the cost of teacher pensions to local governments, Montgomery County could face a $47 million burden in the upcoming fiscal year alone. According to our experts, this is equivalent to the salaries for 89 public safety workers, 109 general government workers, 153 new teachers and 114 non-teaching school employees. State legislators are considering this plan now. My message to them: Montgomery County residents and employees are already stretched to the max. We can’t take on this cost too.

No comments: