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NJUHSD Facing Escalating Pension Costs

While many California school districts have been benefitting from the state’s improved budgets, there is another major fiscal concern looming. Districts must increase payroll contributions for employee pensions. Nevada Joint Union High School District Superintendent Louise Johnson says their standard contribution for the Teachers Retirement System used to stay around 8%. But it’s now an ever-escalating cost…

click to listen to Louise Johnson

That means a lot more economic uncertainty for many school districts around the state. But Johnson says Nevada Joint Union is not facing any budget deficits at this time, nor any student service cuts, to make up for the increasing costs, which also include the Public Employment Retirement System…

click to listen to Louise Johnson

Some districts also say they can no longer give raises to teachers, unless Governor Brown finds more money for schools in his May budget revision.

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