Sentences with phrase «benefit pension systems»

Public school teachers are almost universally covered by traditional defined benefit pension systems.

First, she seems to be implying that this is new, and that it was caused by the decline of defined benefit pension systems.

Since I already had data on the traditional defined benefit pension system in Pennsylvania, I decided to focus there.

The fact that Missouri's defined benefit pension systems do not tie an individual's contributions directly to his or her pension benefits causes numerous problems.

The defined - benefit pension system threatens the retirement security of government workers, as well as the pocketbooks of overburdened taxpayers.

Governor Cuomo's budget director, testifying before a legislative hearing, faced tough questions from lawmakers on the governor's new proposed defined benefit pension system for state workers.

This is important because there is significant research indicating that many traditional defined - benefit pension systems redistribute large amounts of pension wealth away from mobile employees who split their careers between the public and private sectors (or the same sector across multiple states) in order to finance more generous benefits for those who spend their entire career in the same sector in the same state.

As my colleagues and I discuss in a recent Brown Center report, states seriously underestimate the underfunding of their defined - benefit pension systems due to overly optimistic assumptions about the rate of return they will earn on their pension funds.

There is evidence that more effective teachers are more likely to enroll in the hybrid pension plan, suggesting that states could reduce the financial risk associated with strict defined benefit pension systems without sacrificing the desirability of pension plans to employees.

While it is generally understood that defined benefit pension systems concentrate benefits on career teachers and impose costs on mobile teachers, there has been very little analysis of the magnitude of these effects.

Spiking of final average salary is one factor among many that contributes to the underfunding of defined benefit pension systems in Missouri and in other states.

In short, Florida's defined benefit pension system doesn't work well for the vast majority of its teachers.

As the authors make clear, the current defined benefit pension systems in place across the country do offer a higher maximum level of compensation for the minority of teachers who stay in the profession and remain in the same pension system for their entire careers.

For taxpayers, a defined contribution plan offers complete transparency and predictability — attributes the defined - benefit pension system has long lacked.

«From his staunch defense of the defined benefit pension system to his efforts to safeguard their hard - earned tax dollars, no one does more to protect working people than Comptroller DiNapoli.

The talk of states declaring bankruptcy is another method to destroy public unions and the defined benefit pension systems.

Our schools are dealing with a lot more new teachers than they had in the past, and defined benefit pension systems aren't set up to deal with this type of mobile workforce.

Who pays for the mounting unfunded liabilities of defined benefit pension systems?

This principle is routinely violated in current defined - benefit pension systems.

This is a defined benefit pension system.

Their comparison point in the defined benefit pension system is someone who teaches for 35 consecutive years -LRB-!).

An important question for school administrators (and taxpayers) is whether these traditional defined benefit pension systems are the best way to recruit, retain, and motivate a high quality teaching workforce.

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

Robust benefits and the opportunity to participate in the State's defined benefit pension systems can help OUSD attract talent and are an important investment in the people serving our children.

However, this incentive to retire earlier is already changing without any public policy reforms because companies are moving away from defined benefit pension systems and toward defined contribution systems.