School Districts Overwhelmed by Pension Costs
Pennsylvania’s public sector pension crisis is undeniable.
Consider the burden it places on local school districts, whose pension contributions increased from $1.4 billion in 2012-13 to $1.9 billion in 2013-14. In 2008-09, districts spent $562 million on pension contributions; schools have thus seen more than a three-fold increase in only five years.
And these costs will continue rising in coming years.
Take a look at our most recent Policy Memo for more information on education spending trends.