Which Chicago Charter Schools Pay More into Pension Fund?
Jim Vail – July 13, 2010 When it comes to money, Chicago charter schools are about as transparent as the night. These semi-private schools aren’t governed by the same transparency obligations as regular public schools — even though they receive more than 80 percent of their operating budget from CPS. Although certified charter school teachers — considered “private contractors” by CPS — make a lot less than their unionized public school colleagues and draw fewer benefits, they still pay into the Chicago Teachers Pension Fund (CTPF). Thankfully, a little sunshine opened up on our private school operators after the (CTPF) released a breakdown of how much each Chicago charter school contributes to the teacher’s pension fund — versus how much their employees have to pay in. After a series of teacher strikes over 20 years ago forced CPS to pay 7% and teachers 2% of their salary into the fund, there is actually one charter operator who is picking up the entire 9% — the Talent Development Scho
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