Katie Couric on paying teachers $125,000 a year

With a national debate raging over teacher pay, pension, and tenure, Katie Couric explores one New York City public school where change is already underway

Should teachers have "a job for life?" Tenure for teachers came about in America around time of the First World War. Initially, it was meant to prevent arbitrary dismissal of a teacher for reasons that had nothing to do with their teaching ability. But somewhere along the way, tenure became a symbol of unions run amok, and opponents say it's responsible for making bad teachers "bullet proof."

Watch Katie Couric's report.

As political leaders across the nation wrestle with budget woes, unionized teachers find themselves under fire. And in some places, tenure has become a new dirty word. In a conversation with "60 Minutes Overtime," Katie Couric discusses her report on the ground-breaking New York City school known as TEP (The Equity Project), her own experience with mentoring students, and the accusation that teachers are "greedy."

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