This was reportedly the most money the state's
educator pension system had ever required to be returned.
Teacher Retirement Benefits: Defining a More Active Role for SEAs and Their Chiefs In this essay from The SEA of the Future Volume 2, Marguerite Roza and Michael Podgursky draw on their research on productivity and pensions to look in depth at the startling long - term costs of
educator pension systems...
Not exact matches
But
educators said high payouts to a few administrators represent only a fraction of the 134,796
educators collecting
pensions through the New York State Teachers» Retirement
System.
The plan was praised by
educators as the first step toward creation of a national
system allowing transfers of
pension benefits.
A new study of the Massachusetts Teachers» Retirement
System (MTRS), Robert Costrell and Dillon Fuchsman from the University of Arkansas finds that 74 percent of
educators are
pension «losers.»
A career
educator can work and pay into the retirement
system with lower teacher or principal contribution rates for the majority of their working years and still qualify for a
pension for the rest of their life based on their much higher superintendent's salary.
Not surprisingly, all of these teacher
pension systems have provisions that allow
educators to continue to teach and collect their
pension in certain circumstances (a practice called «double dipping»).
As senior - level administrators are both the stewards of the
pension system and the recipients of the highest net benefits, the authors conclude, «There is no reason to expect school administrators or their organizations to support reforms that would provide a more modern and mobile retirement
system for young
educators» and suggest that districts could be recruiting young teachers more effectively by putting money in upfront salaries rather than in end - of - career
pension benefits.
Of course, retired
educators can resume teaching by crossing a state line or a district boundary to work in a different
pension system.
In Nevada,
educators lose out by being included in a state
pension system that includes other non-education public employees.
The 74 Aldeman: How La.'s Teacher
Pension System Can Be Both Crushingly Expensive and Not Very Good for
Educators
The salary gap at 10 years of service is particularly important because that is the time when
educators vest into the state
pension system.
Back in September I put a piece up at This Week in Ed about teacher
pension reform: In other words McGee and Winters are proposing sacrificing
educators» retirement security to achieve a
system that is in some respects more fair and — perhaps — educationally more efficient.
A proposal to reform Kentucky's
pension system would reduce benefits for current and future retirees, and the local teachers» union says the plan would incentivize qualified
educators to leave the state.