MPS offers generous fringe benefits

In "MPS offers uniquely generous fringe benefits," Alan J. Borsuk reports that Segal Co., a New York based consulting firm found unprecedented levels of fringe benefits offered to employees of MPS. For instance, full health insurance benefits are offered to anyone who works 20+ hours a week and employees who retire at 55 are provided the same health insurance as active employees. Conflicting views weigh in:

Michael Bonds, chairman of the board’s finance committee: “I don’t think MPS can sustain itself with the magnitude of benefits it’s providing.”

Tom Morgan, executive director of the Milwaukee Teachers’ Education Association: Teachers and other employees agreed at several points in recent decades to sacrifice wage increases in favor of better fringe benefits.