Milwaukee Public Schools retirees and part-time employees earn "considerably more generous benefit levels" than other groups, according to a major consultant's report to the School Board.
The report, which comes as financial and political pressures on MPS are at levels that may be unprecedented, found that fringe benefits cost the school system 61.5 cents for every dollar spent on wages. That compared with 24.5 cents when figures for a dozen comparable employers and MPS were calculated all together.
The New York-based consulting firm, the Segal Co., analyzed data from MPS and 33 comparable employers, including school districts in Wisconsin and elsewhere and other government units. The results of the analysis are to be presented to the School Board's finance committee Thursday night, but no action will be taken then.
With two supplemental pension funds for early retirees, MPS makes payments to four pension funds, with annual payments equal to 14% of its payroll, compared with an average of 9.9% for other public employers in the study.
And practices such as giving full health insurance to people who work 20 hours a week, and in some cases less, and giving people who retire at 55 almost the same health insurance as active workers are uncommon among employers, the report says.
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