For past analysis and recommendations of Arkansas's
teacher pension system see the last comprehensive Arkansas State Teacher Policy Yearbook.
Not exact matches
Common - sense reforms to
teacher pension systems, such as those discussed in Education Next by Robert Costrell and Michael Podgursky (
see «Peaks, Cliffs, and Valleys,» features, Winter 2008), would have a similar effect of making the returns to teaching more front - loaded.
Unlike the current
system, which features large financial incentives for
teachers to retire precisely at a pre-determined age (New York City
teachers who begin at age 25 currently hit peak
pension wealth at age 63), the new
system would offer
teachers a smooth wealth accrual that would allow them to time their retirement decisions as they
saw fit.
Teachers who leave the
system before qualifying for a
pension, however, have the option of withdrawing their retirement contributions plus interest in certain states (
see our recent report for more details).
If states continue to preserve their existing
pension systems at any cost, teachers will see the Pension Pac - Man eat further and further into their take - ho
pension systems at any cost,
teachers will
see the
Pension Pac - Man eat further and further into their take - ho
Pension Pac - Man eat further and further into their take - home pay.