Indeed, they would fall more quickly under his reasonable proposal to cut normal costs of current teachers, as a matter of equity between generations. (educationnext.org)
But that's not what's happening: Today, amortization costs, not normal costs, make up the biggest proportion of employer retirement costs. (educationnext.org)
If pension costs were rising because normal costs were rising, that would reflect an improvement in teacher benefits. (educationnext.org)