Neenah Will Save Over $100 Million by Reducing Teacher Retirement Benefits

The Neenah Joint School District will save over $100 million in the next 25 years by scaling back their retirement benefits for teachers. In total, the move will cut $103m from future budgets. The district’s School Board unanimously voted to scale back benefits for future and current educators, freeing up funding that can be spent in the classroom instead. Former teachers that are already using their retirement benefits will not be affected by the change. These local benefits have cost the district $5 million each year, but that figure will decrease significantly under the new plan.

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