Early in a teacher's career, the value of the contributions will far exceed pension wealth, whereas for more senior teachers, the reverse is true. (educationnext.org)
Despite lower plan benefits, new teachers still need to contribute the same percent of employee contributions as more senior teachers, reducing overall net pension benefits even more. (teacherpensions.org)
Morris and Stone say their school would lose up to 30 teachers under «Last In, First Out,» and while some of those positions would be filled by more senior teachers from other schools, the disruption across the city will be massive. (e4e.org)