As teachers across the country mobilize for education funding and fair pay, pensions are high on their list of priorities. What they know from experience, and research confirms, is that pensions are a win-win for teachers and schools, delivering superior retirement security and retaining teachers for decades. Conversely, abandoning pensions in favor of 401(k) or cash balance plans would come at great cost to teacher livelihoods and erode education quality.
California Workers' Rights: A Manual of Job Rights, Protections and Remedies
Although the short-term effect of today’s decision is to throw 17 million public sector workers into uncertainty, it is also possible that Janus v. AFSCME will serve as a turning point for both a reinvigorated politics of labor and a revitalized conversation about the importance of the public sector to our social compact. Both our economy and our democracy depend on what happens next.