The Education Wars: Putting Teacher Pension Money into "Good Use"

Words fail me, so I will let this article describe it:

The Chicago Teacher’s Pension Fund (CTPF) wants to hire the best money managers to make the Fund money so that teachers can retire with a nice pension. But what if the head of one of those investment firms they hired also sits on the Board of Directors of a notoriously anti-union charter school — created as part of Mayor Daley's Renaissance 2010 Plan — which is destroying the Chicago Teachers Union and other unions by replacing unionized schools with non-union charter or contract schools?

Thanks to the election of at least two new trustees to the Chicago Teachers Pension Fund (CTPF) last October, that question has now been brought to the center of the debate about how Chicago's teacher pension fund invests the nearly $10 billion it is managing on behalf of Chicago teachers.

Teacher Trustee Jay Rehak, said the issue is one that needs to be addressed by the Board of Trustees.


Will this outrageous conflict-of-interest even be dealt with?

No comments:

Featured Post

A Slap on the Wrist

 Today, I read the news that a convicted killer who got a slap on the wrist, had once been married to Andy Williams, had a mediocre singing ...