As the authors calculate, teachers who were already well into their teaching career received benefit increases of over $ 100,000 in
estimated pension wealth.
Career teachers in the top percentile saw benefit increases of nearly $ 100,000 in
estimated pension wealth, while the gain for new teachers was just under $ 4,000 (not including their own funding contributions).
On the benefits side, a serious analysis would
estimate the pension wealth of employees, based on how long they work for the state, before and after the policy change.
Not exact matches
Dan Keady, director of financial planning at TIAA - CREF, which provides
pension plans to many U.S. university employees, recommends a
wealth check to
estimate how much income is needed to retire.
Specifically, to compare net
pension wealth across different ages of separation, we measure it at a fixed point in time, and we also
estimate the frequency of separations at different ages.
One study
estimated that a teacher working a 30 - year career in the same state had two or even three times the
pension wealth as a teacher with the same 30 - year career who split her time across two states.
We can combine the
pension wealth accrual curves discussed above with the
estimated teacher retention rates.