In our recent Education Next report, «Why Most
Teachers Get a Bad Deal on Pensions,» my colleague Kelly Robson and I analyzed state pension plan turnover assumptions to look at two key milestones, the point when teachers first qualify for a pension, and when they become eligible for normal ret
Teachers Get a Bad Deal on Pensions,» my colleague Kelly Robson and I analyzed state pension plan
turnover assumptions to look at two key milestones, the point when
teachers first qualify for a pension, and when they become eligible for normal ret
teachers first qualify for a pension, and when they become eligible for
normal retirement.
As with
teachers, traditional defined benefit plans create strong incentives for administrators nearing
normal retirement to continue on the job until their pension wealth peaks, and the
turnover rates from the principal survey confirm this trend.