May 17
2018
Rare, costly benefit for Buffalo school retirees
Most retired employees of the Buffalo school district receive a benefit not enjoyed by their counterparts in suburban school districts – lifetime health insurance. And not just any old health insurance, but about the best money can buy. This coverage, provided to an average of about 4,200 retirees, including teachers and administrators, doesn’t come cheap. The bill for the budget year that is winding down is a projected $66 million. That’s more than the $64 million the district is spending on health insurance for active employees. One parent leader criticized the spending in light of the district’s subpar graduation rate.[...]