Earlier teacher retirement could cost schools more money
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Earlier teacher retirement could cost schools more money

Date: March 16, 2016
By: Stephanie Sandoval
State Capitol Bureau
Links: SB980

 
Intro: 
Missouri's Senate was urged to increas the retirement benefits of public school teachers.
RunTime: 0:49
OutCue:  SOC

Wrap: Objections to the increase were voiced by the St. Joseph Senator Robb Schaaf who argued that the proposed pension rate increase would encourage teachers to stay longer costing schools more money.

Actuality:  RETIRE6.WAV
Run Time: 00:15
Description: It in actuality is going to shift costs over to the local school districts who then will have to pay those older teachers who are going to stick around in order to achieve the higher pay.

Schaaf said he believes it's wrong to offer teachers over 100 percent of their salary back when others only get 60 percent back.

But on the other side, the Senate Education Committee chair argued retirement benefits go back to the communities where the teachers live.

The Senate did not take an immediate vote on the measure.

Reporting from the State Capitol, I'm Stephanie Sandoval.

Intro: 
Missouri's Senate argued for an hour on whether to increase school teacher retirement benefits.
RunTime: 0:31
OutCue: SOC

Wrap: St. Joseph Senator Robb Schaaf proposed an amendment against the proposed teacher retirement benefit increase.

His amendment came under attack from Senate Education Committee Chair David Pearce who disputed Schaaf's argument that higher retirement rates would encourage teachers to stay on the job.


Actuality:  RETIRE7.WAV
Run Time: 00:07
Description: And the only reason that they are going to stay longer is because you're going to pay them more money when they retire later right? That's not the only reason.

The Senate took no immediate action on the bill.

Reporting from the State Capitol, I'm Stephanie Sandoval.