Nationally, for every $ 1 that states and schools are contributing to pensions, 70 cents goes toward paying down debt and only 30 cents goes toward
actual teacher benefits.
Not exact matches
The adjusted data reflect the value of
actual pension
benefits accrued each year by
teachers, not merely what the governments happen to contribute to their pension funds each year.
Regardless of whether I use the pension plan assumptions or the
actual turnover rate, the lines show that half of all new
teachers will not reach ten years of service and will not qualify for a retirement
benefit.
For a new California
teacher, even the limited refund policy would be worth more than her
actual lifetime pension
benefits for the first 22 years of her career.
The graphs below, a modified version of Figure 1 from the paper, shows the total contributions that will be made into the pension plan over a
teacher's working career (the solid black line) versus the
actual benefit teachers would receive at a given stage of their career (the black dotted line).
Pension plans today are expensive, but the bulk of the costs are going to pay down unfunded liabilities, not for
actual benefits for
teachers.
In addition to questions about following Board policy,
actual benefits to parents, and arbitrary reasoning, there are issues with regard to a disproportionate impact on mostly Black, and to a lesser extent, Latino
teachers.
On average, states and districts are contributing 4.9 percent of
teacher salaries toward
actual benefit costs.
The vast majority of that contribution goes to pay down debts, not for
actual benefits for
teachers.
Most of these costs are due to rising pension debts, not to pay for
actual teacher retirement
benefits (see Figure 3 here).
This is an
actual resume example of a
Teacher who works in the Compensation and
Benefits Industry.