A new report from Pivot Learning finds that California’s unfunded pension costs threaten educational equity.
California’s chronic underfunding of teacher pensions is pushing school districts into financial distress, forcing them to make painful cuts that will increasingly harm both the state’s teachers and its most vulnerable students, according to a report released today by Pivot Learning.
The report finds that in order to offset the costs of required and growing contributions to the state’s unsustainable pension system, California school districts are increasing class sizes; cutting enrichment opportunities like art, music and after-school activities; reducing counseling and health supports; and making other compromises that stifle learning.
The Big Squeeze finds that the solution isn’t to take away pensions or slash benefits, but to increase state revenues and enact strategic policy changes so that public education is adequately and equitably funded.
Read an executive summary, download the full report, and watch a video produced by EdSource about California’s unfunded pension costs at www.pivotlearning.org/bigsqueeze.