- Associated Press - Wednesday, May 6, 2015

CHICAGO (AP) - Contract talks between the Chicago Teachers Union and the Board of Education have gone public with the teachers saying the board wants them to pay the full amount of their pension contributions. They say that would amount to a 7 percent pay cut.

Since the 1980s, the school district has covered the majority of teacher pension costs, with the teachers paying a small amount.

CTU spokeswoman Stephanie Gadlin said Tuesday the union is “highly insulted” by the proposal that they should pay more.

In a statement, district spokesman Bill McCaffrey says Chicago schools face a $1.1 billion deficit. He says the district also faces a $700 million pension obligation this year. He added that without reforms, CPS will be forced to decide between funding pensions for retirees or funding education.

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