From the LaCrosse Tribune
Changing post-employment benefits for Onalaska teachers could save the district big money while still providing a good deal for the teachers.
Monday night, the Onalaska Board of Education penned a new plan for its teachers that would continue good post-employment benefits while controlling costs for the district. The action broke employees into three groups “grandfathering” 35 who are the oldest and have the most experience while proposing to transition the rest into a different way of doing retirement benefits.
Over the long haul — about 30 years — the changes are estimated to save $7.3 million, a 28 percent drop in expense for the school district.
“There is no immediate financial relief for the district. This sets the tone for the future,” said Superintendent Fran Finco.