Pennsylvania teachers have always contributed their fair share to the state pension fund. The state neglected to do the same because the fund was solvent and there were other priorities. Financial malfeasance depleted the fund, and the economy at large, by creating fragile mortgage securities and failing to insure them. Now, Gov. Tom Corbett is saying we must either change the fund to a 401(k) hybrid or raise property taxes.
The fair fix to any problem lies primarily with those who created it. Using some of the billions recovered in ongoing federal litigation against culpable financial institutions would be a start. Asking the state to be more creative in replacing its share, rather than threatening homeowners with higher property taxes, would be a refreshing change.
Maybe, in the process, they will also find a fair way to replace the school funding our districts lost. Asking teachers to do a better job while cutting their resources is the epitome of false logic!
The writer is retired liaison counselor for the Pittsburgh Public Schools.