News in Brief
Double-Dipping Teachers Face Take-Home-Pay Cut
A new state law will take a big bite out of the paychecks of educators who retired and then returned to work in New Mexico schools while continuing to receive their pensions. The practice, known as double-dipping, has drawn attention nationwide as states cut school spending to balance their budgets.
About 1,300 New Mexico educators will have to make payroll contributions—as much as 11 percent of their salaries next year—to the state’s educational pension fund starting next month.
The employee contributions are expected to save nearly $5 million a year, because employers, such as school districts, have been covering the pension costs. The payments wont improve educators' future retirement benefits.
Vol. 30, Issue 35, Page 4
Access selected articles, e-newsletters and more!
Viewed
Emailed
Recommended
Commented
Sponsored Whitepapers
• Best Practices in Information Management, Reporting and Analytics for Education
- Instructional Leadership Director
- ALBANY CITY SCHOOL DISTRICT, Albany, NY
- Train Brilliant Math Students
- Art of Problem Solving, San Diego, CA
- Chief Innovation Officer
- The International Society for Technology in Education (ISTE®), Washington, DC
- Common Core Literacy Assessment Developer - Part Time
- The Equity Project (TEP) Charter School, New York, NY
- Chief Financial Officer
- Hernando County School Board, Brooksville, FL



We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.