Sentences with phrase «promised teachers retirement benefits»

But for now we're stuck with the consequences and costs of a giant Ponzi scheme: Lawmakers have promised teachers retirement benefits that the system can not afford, because the promises were based on short - term political considerations and willfully bad (or thoroughly incompetent) math.

Not exact matches

Meanwhile, teachers are accepting lower base salaries today in exchange for the promise of future retirement benefits, a promise that only a fraction of teachers will ever realize.

In the median state, less than half of all teachers are expected to work long enough to vest in their retirement plan — meaning that despite big spending and promises, less than half of all public - school teachers, on average, will ever receive retirement benefits for their years on the job (see Figure 3).