Districts Spend Up to a Third of Their Payroll on Pensions. What That Means for Budgets – Education Week

The data also show an interesting phenomenon at work, noted Thomas Aaron, a vice president and senior credit officer at Moody’s, who co-wrote the analysis. Once costs approach the 30 percent threshold states tend to step in and assume more of the share. Illinois stepped in to help out Chicago in 2017, and Colorado increased its payments to help alleviate districts’ burdens in 2018.