Every state either permits or requires teachers employed in charter schools to enroll in the state's teacher retirement plan. Now under a new rule proposed by the IRS All of these teachers will be forced to either leave their charter schools or lose their accrued pension wealth. This would effect about 95,000 teachers nationwide. For some reason the IRS has selected employment groups it does not deem worthy of participation in state pension plans. Whatever happened to the Tenth Amendment? Among these groups are, not surprisingly, largely nonunion charter school teachers who are not much loved by the teacher unions or the Obama administration. Yes, the same administration that spent some $85 billion to bailout Chrysler and GM to insure United Auto Workers pension plans remained solvent wants to bilk charter school teachers out of their pensions.
The proposed regulation would force states to yank charter school teachers from state retirement plans and retroactively pull matching funds the state has already contributed to their accounts. Either the IRS and the Obama administration have too many rules to know what they are doing or this is Chicago thuggery at its worse.
Ugh. We can only imagine what these people will do if they get reelected. They are truly out to destroy entities with whom they disagree.
ReplyDeleteGulen Charter School teachers on H1-b Visas it may not effect them so much because they have been forced to sign what is celled a Tuzuk contract. That means they forfeit there all there tax refunds and retirement money back to there cult. Besides a charter school is privatly owned and privately operated. They should get no government retirement plan
ReplyDeletehttp://www.charterschoolwatchdog.com/tuzuk---a-contract-to-steal.html
http://www.youtube.com/watch?v=ZU2o1PdthG4
Wow. This is nuts. I followed your links, saw that I'm the 3rd person to watch your video and have NO idea what you're talking about. And, OY, the misspellings!
ReplyDeleteBut what do you care if charter schools and their teachers contribute to an STRS fund? It's all money that's leveraged for the benefit of all the teachers anyway in the stock market.
You know, charter schools have a right to exist, particularly since the "state" isn't doing its job, in many circumstances.