Given the large and growing costs associated with
maintaining teacher pension systems, and the lack of evidence regarding their efficacy, experimentation by traditional and charter schools with alternative retirement benefit structures would be useful.
This topic is particularly relevant in K - 12 education, where debates are waged over whether
teacher pension plans should be
maintained as defined benefit (DB)
systems or if they should transition to defined contribution (DC)
systems which are, by definition, fully - funded.