Last month, Michael Rathbone and I released a new pension report, “Betting on the Big Returns: How Missouri Teacher Pension Plans Have Shifted to Riskier Assets.” Not unexpectedly, our report was met with some resistance by Steve Yoakum, executive director of the Public School Retirement System of Missouri (PSRS). PSRS is Missouri’s largest public employee pension system.
Yoakum penned a three page response to our paper. Yet, in his effort to discredit our work, he simply reaffirmed everything we wrote. I highlight this on the Show-Me Institute’s blog.
Our paper states that current teacher and school district contributions do not cover the existing obligations, meaning that pension plans must rely on investment returns in order to meet their obligations to members. Mr. Yoakum’s response: “Only if we exclude income from investments is this true.” It is difficult to describe this as anything but a restatement of our point.
Read more here.
For most, April 15 just marks the day that taxes are due. For teachers in Missouri, however, it marks the day by which contracts are due. If a teacher is not going to be rehired, they must be notified by this date. Mike McShane, the new director of education policy at the Show-Me Institute, and I explain why this is a needless government regulation that should be removed. Check out our latest in the Columbia Missourian.
Charter schools are a contentious topic of conversation among many traditional public school educators. It’s not fair, they argue, that charter schools are not subject to the same regulations that public schools have to follow. Don’t compare the two sectors, they’ll tell you — public schools are fighting with one hand tied behind their backs.
And you know what? They’re right. It isn’t fair that public schools are burdened with regulations that stifle their ability to serve kids.
Read it all here.
Do you worry about the influence of “Big Oil” or “Big Pharma” in U.S. politics? In this latest video from Prager University, Daniel DiSalvo, an assistant professor of political science at City College of New York, demonstrates how Big Unions pose and even greater threat.
I joined Kelly Jackson and McGraw Milhaven on The McGraw Show this morning to discuss my new paper, “Vacant School Buildings: An Examination of Kansas City and Saint Louis.” Check out the discussion below.