Trustees of the Algiers Charter School Association have approved the Hartman Group as provider of the optional 403(b) retirement program for school employees. The approval, at the board’s monthly meeting, April 26, followed a state attorney general’s opinion earlier in the week that the Louisiana Constitution precludes charter schools from leaving the Teachers’ Retirement System […]
Tag: Teacher’s retirement
Posted inCharter Schools, Schools
Board votes to withdraw from state pension plan; search is on for best 403(b) alternative
The school’s board of directors has decided to seek an alternative to the expensive state-run pension plan, the Teachers Retirement System of Louisiana (TRSL). Sean Bruno, a certified public accountant, and Tony Monk, of the Morgan Stanley investment firm, addressed the board at its April 10 monthly meeting to explain the difference between defined-benefit retirement […]
Posted inCharter Schools, Schools
Amid benefits uncertainties, board tells staff: We're not going to leave you in the lurch
Correction: This story has been corrected to reflect the fact that board president Cassandra Bookman did not say the quote previously attributed to her. It has also been amended and corrected to reflect key points about teachers retirement benefits. The Algiers Charter School Association met Tuesday night with a crowd of about 100 parents, teachers, […]
Posted inCharter Schools, Schools
Push to raise teacher retirement age also raises eyebrows; access to public pensions in doubt
Principal Mardele Early used the Feb. 14 meeting of Lake Forest Elementary’s board of directors to urge close attention to a handout from the governor’s office detailing an agenda of possible school reforms. “You really need to read through it and see some of things that are being proposed by Governor Jindal,” Early said. “It […]
Posted inCharter Schools, Schools
New retirement plan and techno contract are under study; public presses for transparency
Over 50 parents, teachers, and community members attended the Algiers Charter School Association’s monthly board meeting, Jan. 31, many asking for additional transparency as board members took steps toward a new teacher retirement plan and technology services. Larry Hammond, the great-uncle of a student at Martin Behrman Elementary, asked why the board did not provide […]
Posted inCharter Schools, Schools
Pension debate triggers outcry at board meeting; performance scores run the gamut
Directors of the Algiers Charter Schools Association gathered Oct. 27 for a monthly meeting that drew a capacity crowd of over 200. The board called the meeting to order at 4:40 p.m. and confirmed they had a quorum. The first item of business was a successful motion to proceed directly to discussion of the Teachers […]
Posted inSchools
Did they or didn't they? Algiers charter board reconsiders revoking teachers retirement
By Jessica Williams, The Lens staff writer | Update: The story has been corrected to reflect two changes – one, board member Charles Rice’s status as a member, not a president, and two, charter contract renewal forms being the method ACSA officials would have used to change retirement benefit options. If you had asked Algiers […]
Posted inSchools
Algiers teachers who lost retirement benefits plan strategy, get support from officials
By Jessica Williams, The Lens staff writer | Less than two weeks after the Algiers Charter School Association announced its decision to cut retirement benefits for more than 400 employees, Algiers charter school teachers and other education stakeholders met Wednesday night to discuss ways to protest the change. The group is calling itself the Algiers […]
Posted inSchools
Algiers Charter Schools Association ends retirement benefit for more than 600 teachers
Editor’s note: This article has been updated to correct erroneous information first released and then amended by a spokesman for the Algiers Charter School Association. Algiers Technology Academy should not have been on the list of schools where retirement benefits have been canceled, thus reducing the number of teachers and schools affected. Faced with sharply […]