Labor Voices: GOP plan destroys pensions

May 10, 2017 by

It’s Teacher Appreciation Week in America, which is a time for all of us to say thank you to Michigan’s hardworking teachers and school employees who are on the front lines in classrooms every single day working to make a positive impact in the lives of our children.

But instead, some Republicans in Lansing are getting ready to pass legislation that would destroy pensions for all new teachers and school employees in Michigan.

Senate Majority Leader Arlan Meekhof and House Speaker Tom Leonard are currently working behind closed doors on legislation that would close the Michigan Public School Employees Retirement System (MPSERS) to new hires, forcing them into riskier retirement savings accounts that are subject to Wall Street speculation.

Destroying pensions would leave thousands of teachers, bus drivers, and librarians without access to the most efficient and secure method of saving for retirement. That’s bad for educators, bad for students, and bad for families.

Nobody becomes a teacher to get rich. They become teachers because they love to teach, and they care deeply about helping our children to learn, grow, and think.

It’s hard enough as it is to keep good teachers in the classroom. Eliminating pensions for school employees will make it even harder to attract and retain the best and the brightest people to careers in public education.

Source: Labor Voices: GOP plan destroys pensions

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