The Pennsylvania State Educators’ Association only has enough money to cover the next few weeks of operating expenses.
The largest affiliates of the United States’ largest teachers union are deeply in debt, largely because they have lavish pension and health-care systems, according to the Education Intelligence Agency. These bloated benefits arrangements are the same kind unions pressured states into creating for other state workers, pushing states into further fiscal disarray.
A new Thomas B. Fordham Institute report detailing teachers unions’ strength by state shows some of these union giants are in huge financial trouble.
The Pennsylvania State Education Association ranks fourth most powerful on Fordham’s metrics but it has only enough money to cover 37 days of operation, according to 2010–11 EIA figures, the latest available. The New Jersey Education Association ranks seventh but it owes $38.7 million more than it has on hand.
My heart bleeds. Truly.