Closed

Open

Contribution Type

$24, 180.67 plus interest owed to MTRFA, PERA-General, and TRA from three closed charter schools (Central Minnesota Deaf, Dakota Open, and Frederick Douglass)

Unknown and unestimable,
but at least 16 charter schools
have closed since the first
Minnesota charter school was established in 1991

At least $195,680.27 (amount
estimated to be owed to PERA-
General from Right Step Academy),
but three closed charter schools indicated no teacher retirement
plan for their teachers and four
closed charter schools indicated
no support employee pension plan

Unknown and unestimable, but
20 open charter schools report
providing teacher pension coverage
and no support personnel pension coverage, three charter schools not otherwise reported, but on the CFL website indicate no teacher or
support personnel pension coverage,
22 charter schools indicate a large support staff and only a few teachers, and six charter schools indicate a
large average support staff salary,
but a smaller average teacher salary

Closed

Open

2. Participate in bankruptcy

3. Litigate against charter sponsor

4. Clarify charter sponsor contribution liability (LCPR01-224)

5. Pension fund subsidy

6. Spread amount over other charter schools (LCPR01-243)

7. Spread amount over remaining employers (LCPR01-225)

8. Spread amount over all contributors (LCPR01-226)

9. Charge amount to CFL (LCPR01-227)

10. State payment of amount from charter school lease aid (LCPR01-228)

11. Payment of amount from State General

1. Require better collection monitoring
by pension plan (LCPR01-230)

2. Require collection procedures
in charter document (LCPR01-230)

3. Require contribution prepayment
(LCPR01-231)

4. Require contribution deduction from State aid (LCPR01-232)

5. Put moratorium on new charters by closed school sponsor (LCPR01-237)

6. Require performance bond posting (LCPR01-233)

7. Impose charter school contribution surcharge (LCPR01-234)

8. Impose employer contribution surcharge (LCPR01-235)

9. Impose employer and member contribution surcharge
(LCPR01-236)

10. Standardize contribution amount by mandating TRA coverage
(LCPR01-241)

1. Undertake better collection procedures (LCPR01-223)

2. Commence bankruptcy proceedings

3. Litigate against charter sponsor

4. Impose charter sponsor contribution liability (LCPR01-224)

5. Pension fund subsidy

6. Spread amount over other charter (LCPR01-243)

7. Spread amount over remaining employers (LCPR01-225)

8. Spread over all contributors
(LCPR01-226)

9. Charge amount to CFL (LCPR01-227)

10. State payment of amount from charter school lease aid (LCPR01-228)

11. Payment of amount from State General Fund (LCPR01-229)

1. Require better collection monitoring by pension plan (LCPR01-230)

2. Require collection procedures in charter document (LCPR01-230)

3. Require contribution prepayment (LCPR01-231)

4. Require contribution deduction from State aid (LCPR01-232)

5. Put moratorium on new charters by closed school sponsor (LCPR01-237)

6. Require performance bond posting (LCPR01-233)

7. Impose charter school contribution surcharge (LCPR01-234)

8. Impose employer contribution surcharge (LCPR01-235)

9. Impose employer and member contribution surcharge
(LCPR01-236)

10. Standardize contribution amount by mandating TRA coverage
(LCPR01-241)

11. Improve plan omitted member checking process (LCPR01-242)