Lawmakers, who are often close allies with public - sector unions, typically offer a variety of state or
municipal pension enhancements although few actually become law each year.
In a recent paper, economists Cory Koedel, Shawn Ni, and Michael Podgursky analyzed who benefitted from a series
of pension enhancements in Missouri in the late 1990s and early 2000s and by how much.
This working paper from the Center for Analysis of Longitudinal Data in Education Research (CALDER), however, could not find any evidence that this theory played out after St. Louis enacted a large
pension enhancement for public school teachers.
A study looking at a costly
pension enhancement in St. Louis found it only affected the behavior of a very small group of teachers who were right on the cusp of retirement.
We use data from workers in the largest public - sector occupation in the United States — teaching — to examine the effect of
pension enhancements on employee retention.
A Stock-Wise option value model provides a good fit to the data and predicts well out - of - sample on the effects of
pension enhancements during the 1990s.
Cuomo said in the memo accompanying his veto that passing the bill showed the Legislature «has chosen to ignore its commitment to shield property taxpayers from the costs of new
statewide pension enhancements.»
Furthermore, as a result of
pension enhancements enacted during the stock market boom in the 1990s, the role of DB pensions in the total compensation package for public educators has become larger over time.
Liberal critic MP John McCallum said the government's refusal to even study options for
pension enhancement showed an ideological bias on the part of the prime minister, noting that Flaherty once appeared to back the idea.
Non-U.S.
net pension enhancement and curtailment / settlement cost for 2012 includes $ 1,420 million (on a consolidated - company, before - tax basis) of accumulated other comprehensive income for the postretirement benefit reserves adjustment that was recycled into earnings and included in the Japan restructuring gain reported in «Other income».
If you want to know why districts can't afford to give base salary increases to early - and mid-career teachers, these type
of pension enhancements are a big reason why.
To prevent the impending lapse of mayoral control over New York City schools, the state Legislature and Governor Andrew Cuomo passed a two - year extension Thursday as part of a larger omnibus bill, which included
a pension enhancement for certain uniformed workers, special recognition for former Governor Mario Cuomo, and several benefits for upstate areas.
This fact is illustrated in Figure 3, where we report the estimated gains from
the pension enhancements in dollars for the four groups of educators from Figure 2.
However, we find no evidence that
the pension enhancement generated differential increases in employee retention in St. Louis.
In fact, a research paper earlier this year found that Missouri's higher contribution rates more than offset any gains a new teacher might make from
the pension enhancements.
That is, higher contribution rates offset any gains a new teacher might make from
the pension enhancements.
The authors found that a new teacher would actually have been better off without
the pension enhancements because of the contribution rate increases.
Other things equal, the teaching profession in Missouri is now less appealing for young teachers than it was before
the pension enhancements were enacted.
After the meeting, Wynne's office issued a statement saying she and Trudeau would be «active partners» in a national discussion on
pension enhancement, including the Canada Pension Plan and the Ontario Retirement Pension Plan.