Two area schools are getting back money from a settlement with Indiana’s largest teachers union.
Franklin County and South Ripley are getting back half of the money they invested in from a failed health insurance plan. Out of a total of $14 million that is being returned to 27 school corporations in Indiana, two local schools are receiving:
- Franklin County School Corporation: $651,899.35
- South Ripley Community School Corporation: $248,902.12
The Indiana State Teachers Association and the National Education Foundation lost an estimated $27 million when the health plan collapsed in 2009.
Indiana Secretary of State Connie Lawson said ISTA and NEA were accused of using the money from the school health plans to cover funding shortfalls and investments instead of investing on the schools’ behalf.
