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School districts could recover $14 million in settlement

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Indiana school districts which invested in a failed union health insurance plan will be getting back roughly half of the money they lost under a settlement reached between the state and Indiana's largest teachers union.

Secretary of State Connie Lawson announced Tuesday that 27 school districts would split $14 million if they approve the settlement. The settlement ends four years of legal wrangling between the state and the teachers union.

The Indiana State Teachers Association and National Education Association agreed in August to pay school districts which had enrolled in the union's now-defunct health insurance plan.

State officials have estimated the union lost $27 million amid the 2009 collapse of the health plan that it had sold to 27 school districts around the state.

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  • Correction
    FYI The teachers union was running the health plan (very poor oversite on many fronts). Don't confuse teachers with the teachers union. The Teachers Union is responsible for many of the problems in the education system but if one tries to correct these issues they are labeled as "anti-teacher". The truth is actually "anti teachers union".
  • Union Health
    Wow...teachers trying to run a business.; What a novel idea. FYI...stick to teaching and stay out of business and politics. You're not educated for that...no more than I should try to teach with my Finance degree. Gezzzzzzzzzzzz

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