| ▲ | nradov 5 hours ago |
| I agree with you to an extent, but many states and school districts also engaged in fiscal malpractice by using defined-benefit employee pension plans to shift costs into the future. Those plans are financial weapons of mass destruction: far too risky for employers, retirees, and taxpayers. We need to eliminate them and shift all public school employees to 403(b) defined-contribution plans. This is especially critical as school enrollment declines. |
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| ▲ | throwaway27448 5 hours ago | parent [-] |
| So shifting this malpractice to private schooling will yield better results? Cmon we'll get bilked ten times worse. Or we'll end up with christian-taught homeschooled kids that make Georgia look like a premier educational state. And they still won't speak georgian Edit: actually, this is an insult to Georgia. I apologize, brothers and sisters. You have much to teach us. |
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| ▲ | nradov 4 hours ago | parent [-] | | The pension issue has nothing to do with private schooling one way or the other so I don't know what point you're trying to make. | | |
| ▲ | throwaway27448 4 hours ago | parent [-] | | Well surely corruption would be orders of magnitude worse under private management yea? Or are we pretending that schools trade on a competitive market, and that the US is a place that distributes money rationally? Cuz all evidence points towards privatization as a graft vector | | |
| ▲ | nradov 4 hours ago | parent [-] | | Buddy you've really lost the plot here. Privatization or lack thereof has nothing to do with mismanagement of employee retirement benefits. Both public and private employers can set up defined-benefit or defined-contribution retirement plans. Defined benefit pension plans create a huge risk for both private and public schools because current operating funds intended for educating students might have to be diverted to meet financial obligations to retirees. | | |
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