In keeping the existing defined benefit
pension plans, policymakers are choosing to preserve a
system where
teachers and their employers are
contributing more than
teachers will ever receive back in benefits.
Another problem lies with the fact that both the state government and districts have been able to increase
teacher salaries (by 8.4 percent between 1999 - 2000 and 2011 - 2012, according to the U.S. Department of Education) without being forced to
contribute more into the
system in order to stem
pension deficits.
If she separates from the
system after 15 years — the average experience of a
teacher who leaves the profession — her
pension wealth is $ 38,619, but at this point she has
contributed a total of $ 76,425.
In fact, the authors estimate that fully two - thirds of all
teachers in the California State Teachers» Retirement System will be «pension losers» because either they will be among the 40 percent of new teachers who leave before they satisfy CalSTRS» five - year vesting period, and thus receive no pension, or the value of their pension will be less than what they contributed to the
teachers in the California State
Teachers» Retirement System will be «pension losers» because either they will be among the 40 percent of new teachers who leave before they satisfy CalSTRS» five - year vesting period, and thus receive no pension, or the value of their pension will be less than what they contributed to the
Teachers» Retirement
System will be «pension losers» because either they will be among the 40 percent of new teachers who leave before they satisfy CalSTRS» five - year vesting period, and thus receive no pension, or the value of their pension will be less than what they contributed to the s
System will be «
pension losers» because either they will be among the 40 percent of new
teachers who leave before they satisfy CalSTRS» five - year vesting period, and thus receive no pension, or the value of their pension will be less than what they contributed to the
teachers who leave before they satisfy CalSTRS» five - year vesting period, and thus receive no
pension, or the value of their
pension will be less than what they
contributed to the
systemsystem.