School district faces $600,000 retirement pension fund increase

The Conneaut School District, as all school districts in the state, face a huge problem in the upcoming year’s budget to begin July 1.

Projections on the increase in funding for the pension for retirement, which has been a growing problem over the past several years, looks to cost the Conneaut School District about $600,000 more than what is being paid this current year.

School districts pay what is directed by the state’s retirement board. The pension crisis is no fault of local school districts.

School directors learned of the $600,000 increase at a recent work session of the board.

Read more in this weeks issue.

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