Sentences with phrase «because teacher pensions»

Not exact matches

The mailer mentions a «teachers union,» but doesn't specify whether that means NYSUT or UFT, that is «attacking Senator Klein because he put kids first rather than boosting their pensions and increasing their salaries,» adding:

«It will help us because the people against the convention are generally our people — the public sector unions like teachers, government workers and police» concerned the recent «radical wave could sweep a convention» and diminish or erase pension and health benefits, Schaffer said.

Assini noted that his figures only include the data of regular state employees, (because that's the information provided by the governor to date), and not fire, police or teachers, who make up the bulk of most localities» pension costs.

A teacher pension fund reserve, he said, would provide districts with greater predictability in their budgeting, because it would give them a financial cushion in years when pension costs rise.

Details are in the article but here is a key finding: because they earn more, school principals can expect to contribute 14 percent more to the pension plan than a senior teacher would contribute over the course of a career.

Then there is a big jump at age 50, because the 25th year of service makes a teacher eligible for an immediate pension (albeit with a reduced multiplier).

Pension wealth is higher and more back - loaded for school leaders because their pay is higher than it is for teachers and, crucially, higher at the end of a career.

Teachers won't either, because, unlike local salary schedules, the pension payments are not locally bargained.

At any given age, pension wealth is therefore lower for the mobile teacher — who has left one system early and entered another system late — simply because she can expect to collect fewer pension checks.

The curve becomes steeper at age 46 because of a provision that allows teachers to begin collecting a pension when their age and years of service sum to 80, which brings her pension forward to age 59 and earlier.

Current teacher pension plans back - load benefits to the last 5 to 10 years of service, mainly because benefit formulas are based on final average salary calculations that do not adjust for inflation.

Teacher turnover can be expected to increase with alternative benefits because employees will understand that their economic security is less well protected with a DC or cash balance plan than with a DB pension.

Defenders of the defined - benefit structure also argue that it can encourage teachers to enter and remain in the profession over the long term, because to maximize their future pension wealth, they must accrue the maximum years of service and reach the top of their district's pay scale.

«ASCL urges the STRB to press the DfE to fully fund pay rises so that the government meets the additional costs rather than again expecting them to be met from existing school budgets which are already under huge pressure because of unfunded increases to employers» contributions to teacher pensions and National Insurance costs.»

States» own assumptions show that on average, more than half of teachers do not receive any employer pension benefits because they leave before they are eligible.

This is because they triple the pension benefit for teachers compared to the BLS measure, estimating it to be 32 percent of wages rather than 11 percent.

In fact, because traditional pension plans push out veteran teachers, and because those veterans tend to be better than their replacements, pension plans are actively harming overall teacher quality.

Most public school teachers participate in defined benefit (DB) pension plans, which because of different accounting rules contribute significantly less today for each dollar of future retirement benefits than private - sector DB pensions or defined contribution (DC) pension plans.

Teachers who retired early because of the ERI, however, could expect to receive pension benefits for more years than if they had retired later.

Even teachers who do qualify for a pension after just five years aren't likely to see much in benefits because benefits are heavily backloaded.

Moreover, the way that the U.S. Department of Labor measures those teacher pension benefits greatly understates this gap because the Labor Department underprices the teacher benefit.

Seniority rights are a big deal right now because older teachers have a lot to lose: higher salaries that they've reached after a lifetime of anemic ones; and significant pension wealth if they make it to retirement.

MichaelPetrilli That's because Joel and Randi agreed to unaffordable raises and pension deals for teachers.

* Some states cap the number of years teachers can claim for pension purposes, but let's ignore those for now, because they would make this situation even worse.

In today's low - return environment, the pension promises being made to state and local employees in general, and public school teachers in particular, have become very expensive and difficult to maintain largely because the largesse of the pension plans assumes long run returns on the order of 7.5 percent (or higher).

This may be the case for many teachers, because the Teachers» Pension Scheme is a contracted ‑ out pensionteachers, because the Teachers» Pension Scheme is a contracted ‑ out pensionTeachers» Pension Scheme is a contracted ‑ out pension Pension Scheme is a contracted ‑ out pension pension scheme.

Pension wealth is even more backloaded for school leaders because their salaries are higher than teachers and pension formulas only take into account ending rather than starting saPension wealth is even more backloaded for school leaders because their salaries are higher than teachers and pension formulas only take into account ending rather than starting sapension formulas only take into account ending rather than starting salaries.

Teachers qualify for very little in the way of retirement benefits during the first half of their career because pension benefits don't accrue evenly.

Just because a teacher has the option to get a pension at some point down the road doesn't necessarily mean she should take it.

New teachers hired after 2011 face negative net benefits for the first two decades of work because the value of their contributions exceed their future pension benefits.

This happens because most of the teacher's own contributions, and the contributions made by the state on her behalf, actually subsidize the pension of more veteran teachers.

But supporters said charters can o make per - student dollars go further because they are not saddled with out - of - control teacher pension and health - care costs.

These are extreme examples that can occur because traditional pension formulas rely so heavily on final salary and total service years, and many superintendents have accumulated prior service years as teachers or mid-level administrators to count toward a full career.

Spikes in several of these states occur because teachers can start collecting their pension at an earlier age once they have worked a certain number of years.

That's not a perfect estimate because the pension costs quoted here represent a state average, not the average across all teachers nationwide, but it's a reasonable approximation.

Because pension contributions are made as a percentage of salary, teacher pension systems mirror and amplify any inequities in the way teachers are distributed among schools.

Because these withdrawal assumptions are tied to large financial decisions, pension plans conduct regular «experience studies» to check their assumptions and compare their expectations with actual teacher turnover rates.

And because pension plans are based on a formula that factors in salary levels, employees with higher salaries (like district superintendents and administrators) tend to earn disproportionately large benefits compared to teachers.

These teachers lose out because current public - sector defined benefit pension systems are heavily biased toward teachers with longevity and stability.

Because pension plans are back - loaded, attrition risk is the possibility that a teacher won't stick around long enough to qualify for the larger benefits waiting for those who stay.

Two, because 90 percent of teachers are enrolled in defined benefit pension plans that push out veteran teachers, these demographic trends have widened the gap in retirement ages.

Reporters should steer away from reporting the simple «average» teacher pension plan, because the average hides a lot of nuance.

That's because teachers don't have a right to future pension wealth accruals.

These required pension contributions will likely constrain the district from spending money on anything else, including field trips, classroom supplies, extra services for high - need students, technology, and raises, which is unfortunate because our teachers remain underpaid compared to the average across Alameda County school districts.

This is how most people see teacher pension plans, because they equate «teacher pension contributions» with «teacher retirement benefits.»

In short, teachers may think that because they are enrolled in a pension system their retirement is taken care of for them by the state.

PENSION - FUELED LAYOFFS: Are teachers getting laid off because of rising pension obligPENSION - FUELED LAYOFFS: Are teachers getting laid off because of rising pension obligpension obligations?

Carrying an unfunded liability, or pension debt, of any size increases the cost of retirement benefits, because in addition to paying for the benefits teachers earn each year, employers are charged a premium on each employee to help pay off the accumulated pension debt, Mr. McGee said.

Nationwide, teacher pensions carry a liability of around $ 325 billion, largely because of states» failure to make payments in full or on time.

CHICAGO — Illinois Governor Bruce Rauner said on Monday he intends to block money earmarked for Chicago Public Schools» (CPS) teacher pensions under recent legislation because he feels it is too much of a «bailout» for a badly managed system.