Chicago gets more broke
The Chicago teachers union contract approved after a two-week long teachers strike is analyzed by two scholars at the American Enterprise Institute. This is an excerpt:
Chicago’s New Teacher Contract Shows Why Scott Walker Got It Right
Teachers will now be permitted to bank an incredible 244 sick days (up from 40) and claim full pension credit for those days upon retirement, creating new demands on a teetering pension system.
The deal keeps teachers’ retirement contribution at just two percent of annual salary while slashing health care copays.
What did Chicago win in this latest negotiation, you might ask, for its $1.5 billion outlay? Well, the CTU did abandon its demand for more affordable housing. That’s about it. …
The American Enterprise Institute’s bottom line:
⇒ Wisconsin schools have not suffered from Act 10
[A] former Obama administration education official … has observed, despite the apocalyptic predictions about the impact of [Scott Walker’s] Act 10, teacher turnover, salary growth, median years of experience, and retirement rates [in Wisconsin] “all look pretty much in line with long-term trends.”
Nor has Act 10 had any ill effects on student outcomes: Since 2011, Wisconsin’s performance on the National Assessment of Education Progress has mirrored or modestly exceeded the nation’s.