A study of the 100 largest public pension plans in the U.S. highlights Louisiana’s pension fund troubles.
If the state continues to play its cards right, Louisiana has the potential to provide many more students and families with quality choices for their education and transform public education in the process.
Louisiana’s public schools put themselves in a precarious position by hiring more teachers and administrative personnel, even while the number of students declined. Generous pension and benefit plans have exacerbated this problem.
It is widely expected that tax reform will be the Jindal administration’s primary goal in the 2013 Louisiana legislative session. In a recent Advocate report, Tim Barfield from the Department of Revenue addressed the need for reform, pointing out that it is the “sticker price” and not the actual tax burden that is hampering “Louisiana’s efforts to attract businesses.”
Teacher union challenges to real education reform continue to exist, though often in ways that are not measurable or reportable. If you dig deeper, the unions’ power and influence, particularly at the local school district level, remain strong in this state, challenging education reform efforts at every step of the electoral, legislative and policy implementation processes.