| ▲ | nradov 4 hours ago |
| 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. |
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| ▲ | 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 |
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| ▲ | 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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