Sentences with phrase «pension formulas only»
Pension wealth is even more backloaded for school leaders because their salaries are higher than teachers and pension formulas only take into account ending rather than starting salaries.
http://educationnext.org/ Not exact matches
These things would obviously reduce an employee's pension benefit, but the California Rule only protects the benefit formula, not the actual benefit.
Although the state has very high teacher turnover, Colorado's pension formula really only delivers adequate retirement benefits to teachers who stay for 25, 30, or 35 years.
Matters are made worse by legislatures that juice up the benefit formula when the stock market is up and the value of pension funds is high, only to find the systems saddled with even larger unfunded liabilities when the market turns sour.
Podgursky, Costrell, and others have since drawn similar charts for a number of states, and they all show how teacher retirement accounts grow slowly over time, only to spike dramatically at various ages determined by state pension plan formulas.