Yes. Do it.
Gov. Scott Walker made the case on Monday for a requirement in his two-year budget proposal that would make some K-12 education funding contingent on districts’ compliance with Act 10.
Under Walker’s spending plan, teachers would be required to pay at least 12 percent of their health costs in order for a district to receive per-pupil aid increases of $200 in the first year of the budget and $204 in the second.
Remember that 12% is still FAR below the average for all workers. It’s even far less than the average for government workers. Here are the numbers:
Tell me again that 12% is out of line?
The State and Local Government TAX PAYER GUARANTEED PENSION employee contribution is 50%. Employers, that’s us, pay 50%.
The average employer contribution to a 401K retirement account is 2.7%. Many will match an employees contribution up to a fixed amount. Ours has a 6% cap.
How about State and Local Government employees pay 94% and we pay 6%. Seems more equitable to me especially considering if my 401K investments tank, I am on the hook for 100% of the loss. Time to rethink that tax payer guarantee, too.