A report issued by the American Federation of Teachers today purports that Paul Tudor Jones, Peter Kiernan, Ken Langone, Daniel Loeb and Dan Senor support the replacement of defined benefit plans because of their association with StudentsFirstNY. This allegation based on an inaccurate inference is incorrect.
The position of StudentsFirstNY on retirement plans for teachers is as follows: Consistent with our support for educational choices for students and their families, we advocate for choices for teachers as well. As professionals, teachers should be empowered and have the right to choose between a properly funded portable defined contribution plan and a properly funded defined benefit plan for their retirement.
StudentsFirstNY is a legally separate entity from StudentsFirst, a national organization.