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Discussion About Whether To Keep ERO Could Come Up

Should schools offer up an option for teachers to retire early? That’s a discussion legislators must have with their school districts.

The Commission on Government Forecasting and Accountability issued a recommendation from an actuary that drops the contribution rate for both teachers seeking early retirement and their school district employers. Republican Representative C.D. Davidsmeyer says the state could go with the proposed rates or not have the retirement option altogether.

However, Democratic Representative Elaine Nekrtiz says schools in her district like the option.

The actuary suggested the member contribution be lowered from 14.4 percent to 10.8 percent and the employer contribution from 29.3 percent to 22 percent.

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