Myers reports on state laws affecting the pensions of Chicago Public School teachers. He discusses the politics behind unions involved in the decision making process and their important role in determining a balanced budget. According to Myers, the Caucus of Rank and File Educators (CORE) is a recent contender "whose members say the Pension Board needs better...
New Study: Despite Slightly Better Benefits, Public Employees Earn Less than Private Sector
"Employees of state and local government in Pennsylvania earn less than their counterparts in the private sector, the Keystone Research Center reported, citing findings from a new study.
State employees earn an average of 4.5% less in wages than comparable private sector employees, while local employees earn an average of 12.9% less, according to the study by the Center for State and Local Government Excellence and the National Institute on Retirement Security in Washington D.C.
This study accounts for differences in education and experience between employees in the private and public sectors that other comparisons of wages often overlook, said Mark Price, Ph.D., the Keystone Research Center’s Labor Economist."