The way state Rep. Rick Olson sees it, there are only three places to find a solution to financial problems in the Michigan Public School Employees Retirement System. “Increased contribution by employees, reductions in benefits — or find a magical money tree somewhere,” the Saline Republican said. With no magic to call on, a group […]
Doug Pratt
Posted inMichigan Government
Fund-equity deals break teacher contract logjams
In March 2010, members of the Grosse Pointe Education Association held a noisy demonstration before a meeting of their district’s board, calling attention to the fact they’d been working without a contract for six months, and negotiations were going nowhere. The district was planning layoffs and pushing for concessions to cover a shortfall of around […]