Frates on LAUSD Teacher Early Retirement

Dr. Frates was recently quoted in a Los Angeles Daily News article on the subject of 1,400 Los Angeles Unified School District employees signing up for an early retirement plan. Frates discusses the pros and cons for the district:

“With early retirement the cost is not free, and retirement benefits will be doled out for a longer period of time,” said Steven B. Frates, a senior fellow at the Rose Institute of State and Local Government at Claremont McKenna College.

“The question to ask is are the (district’s) retirement accounts robust enough to keep paying people over a long period of time?” Frates asked.

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