Sentences with phrase «as teacher retirement costs»

Her piece on «The Price of Education» revealed how fragile school funding is in California, particularly as teacher retirement costs rise amid econ...

Not exact matches

According to Fitzpatrick and Lovenheim: «Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower - cost newer teachers.

These CB plans offer entering teachers the same expected retirement compensation as existing plans, with the same expected cost for taxpayers.

Couple this with various features of the plans themselves — for instance, early retirement provisions allowing teachers to retire in their early - to - mid 50s, unrealistic assumptions about investment returns, and cost - of - living adjustments not tied to any inflation index such as the Consumer Price Index — and you have a system that carries a hefty price tag.

In fact, the opposite is true, they argue: States depend on the constant turnover to keep pension costs down, and pension rules are often to blame for pushing out the most veteran teachers as soon as they reach retirement age.

It's not just that states and districts failed to save up for pensions they knew would come due, it's that they offered literally the cushiest pensions available to teachers, notes a 2016 study: «as a group, [teachers] have by far the highest retirement costs, even compared with other public - sector employees.

Charters that provide this retirement benefit cite cost and a wider range of investment options for teachers as their top reasons to opt - out of the state teacher pension fund.

Given the idiosyncratic incentives embedded in its current retirement plan — and because it imposes mobility costs on mobile teachers — the state should at least offer a defined contribution (DC) plan as a choice for its employees.

Meanwhile year - long exposes by newspapers such as the Sacramento Bee into the high cost of so - called pension spiking, or the practice of allowing teachers and bureaucrats nearing retirement to get double - digit pay raises in their final years of work in order to gain even fatter pensions, has also led to a state investigation, once again reminding families that they pay the price for 3,090 teachers (as of 2010) getting more than $ 100,000 annually in pension annuities.

Early retirement incentives (ERIs) are increasingly prevalent in education as districts seek to close budget gaps by replacing expensive experienced teachers with lower - cost newer teachers.

In Pennsylvania, Philadelphia Federation of Teachers president Jerry Jordan has long railed against using 401 (k) retirement plans for his union's members as a way to curb skyrocketing pension costs.

In fact, switching new teachers to a new type of retirement plan, such as a defined - contribution plan, can be cost neutral.

As we showed last year, teachers have higher retirement costs than any other major group of workers, even other public - sector employees.