Protect Charter School Teacher Retirement Funds
February 13, 2012
The Internal Revenue Service recently issued a Proposed Regulation titled “Determination of Government Plan Status.” This regulation would force states to prohibit charter school teachers from participating in state retirement plans. Presently, every single state that authorizes charter schools either requires or permits charter school participation in the state’s retirement system. Therefore, this regulation would negatively impact nearly all charter school teachers in the country.
In total, the National Alliance for Public Charter Schools estimates more than 95,000 charter school teachers – more than 93% of our country’s charter school workforce – will be affected by the Proposed regulations. All of these teachers will be forced to either leave their charter schools or lose their accrued pension wealth. For this reason, we cannot allow these regulations to be adopted in their current form.
Please assist us in preventing the adoption of these unfair regulations. Click here to take action.
- Advanced notice of proposed IRS regulations
- NAPCS’ position statement
- NAPCS’ public comments to the Treasury Department
- Potential impact in your state
- Slide show explaining the issue
- Letter to IRS Commissioner from Chairman Kline