Sentences with phrase «teacher pension systems»

Included in the surplus, the state legislature allocated around $ 20 million to help counties fund their teacher pension systems.

Nevertheless, teacher pension systems have persisted for more than a century with more or less the same structure.

How you think about that question will inform how you think about how well most teacher pension systems work today.

The majority of states operate teacher pension systems that do not work for the bulk of their teachers.

Teacher pension systems compound inequitable school funding for a variety of reasons.

This paper uses a policy change in California to show that the extreme rewards and penalties built into existing defined benefit teacher pension systems do affect teacher retirement behavior.

State teacher pension systems are in serious need of reform.

Teacher pension systems target retirements within a narrow range of the career cycle by penalizing individuals who separate too soon or remain employed too long.

Teacher pension systems concentrate retirements within a narrow range of the career cycle by penalizing individuals who separate too soon or remain employed too long.

Given the large and growing costs associated with maintaining teacher pension systems, and the lack of evidence regarding their efficacy, experimentation by traditional and charter schools with alternative retirement benefit structures would be useful.

The implication of the experience in Washington State is that teacher pension systems can be reformed in a way that is attractive to both teachers and states and ensures that significant resources are being set aside for teacher retirements.

As Governor Malloy sits on top of one of the largest unfunded state and teacher pension systems in the country, an unfunded liability that will cost Connecticut taxpayers more than $ 20 billion to resolve over the next two decades, leave it to back room politics of the Malloy administration to wheel and deal a way for Steven Adamowski to boost his pension at taxpayer expense.

Because pension contributions are made as a percentage of salary, teacher pension systems mirror and amplify any inequities in the way teachers are distributed among schools.

Despite what the NEA says publicly, the fact is teacher pension systems are in need of reform to better meet teachers» retirement needs.

And unlike a system like Social Security, which awards lower - paid workers with proportionately higher retirement benefits, teacher pension systems lack these kinds of protections.

Teacher pension systems typically have strong incentives for early retirement built in.

Not surprisingly, all of these teacher pension systems have provisions that allow educators to continue to teach and collect their pension in certain circumstances (a practice called «double dipping»).

There is a surprising disconnect between discussions of state teacher pension systems and the larger discussion of retiree benefits in an era of longer life spans and the impending bulge of baby - boom retirees.

Some public entities, including a few teacher pension systems (Ohio's is one), have also started to offer DC or CB - type options in their plans.

In our research, we have found that teacher pension systems have two strong incentives — a pull and a push.

Many teacher pension systems have large unfunded liabilities (e.g., California $ 19.6 billion, Missouri $ 5.2 b, Ohio $ 19.4 b, Oklahoma $ 7.7 b, New Jersey $ 10.0 b, all in 2006).

Robert Costrell and Michael Podgursky talk with Education Next about ways to eliminate the peculiar incentives built into current teacher pension systems.

As the Kauffman report notes, Missouri's separate pension systems are «a microcosm of larger national issues concerning teacher pension systems — particularly the ability of teachers to move between systems.»

Podcast: Robert Costrell and Michael Podgursky talk with Education Next about ways to eliminate the peculiar incentives built into current teacher pension systems.

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.

In other words, today's teacher pension systems only provide adequate benefits to teachers with extreme longevity.

In a recent Education Next article, «Golden Handcuffs,» we talked about winners and losers in teacher pension systems, and about the huge costs these systems impose on mobile teachers due to the back - loading of benefits.

Given that these teacher pension systems back - load benefits, it is not surprising that when enhancements have occurred they have been back - loaded as well.

This is a major source of loss for many young teachers, since most teacher pension systems have a vesting period of five years or longer and the vast majority of early - career teacher turnover occurs in the first five years on the job.

In fact, the numbers behind Chicago's teacher pension system are staggeringly, mind - blowingly awful.

Given that administrators are the largest net beneficiaries of the current teacher pension system, it should come as no surprise that they are not at the barricades clamoring for change.

States should give each teacher the right to choose an alternative contract that contains terms and benefits consistent with those in the private sector (e.g., an at - will contract with standard health - care benefits, 401k, etc.), and sits outside of the existing teacher pension system.

Unlike all other school districts in Illinois, which receive full teacher pension funding from the state, CPS is required to fund its own teacher pension system while its taxpayers also pay into the pension funds of other districts.

Unlike the teacher pension system, payments for retiree health insurance are typically pay - as - you - go (i.e., no employer fund is created to pay for these future liabilities).

Also, it is disingenuous to suggest that lavish salaries and pension spiking are the main or even a primary reason Illinois» teacher pension system is in dire financial straits.

The 74 Aldeman: How La.'s Teacher Pension System Can Be Both Crushingly Expensive and Not Very Good for Educators

Illinois allowed union officials to participate in the state teacher pension system by teaching for a single day.

But both lobbyists have remained in the state teacher pension system, and Piccioli is now suing for his benefits.

I don't trust Tom Foley to not change the teacher pension system and institute a tiered benefit plan that will hurt future retirees.

In the second episode of CASconversations, CAS President Dr. Rosie O'Brien Vojtek sits down with Attorney Tom Mooney to talk about a number of issues impacting school administrators, including the 2017 legislative session, teacher evaluation practices, funding of the state teacher pension system, and the importance of being disciplined in the use of social media and electronic communications.

The teacher pension system, MPSERS, has nearly $ 27 billion in unfunded liabilities.

For past analysis and recommendations of Arkansas's teacher pension system see the last comprehensive Arkansas State Teacher Policy Yearbook.

The National Council on Teacher Quality (NCTQ) released a report grading each state's teacher pension system.

Mary Walsh Williams has an excellent piece in the New York Times on Chicago's teacher pension system crisis, which I discussed on PSI last week.

Today, Louisiana has one of the most expensive teacher pension system in the country — and also one of the least generous.

To take one example, in the state's teacher pension system, the average age of participants is 44 years, while average retirement age is 60.

In an article last week, The New York Times argued that the teacher pension system in Puerto Rico is little more than a legal Ponzi scheme.

In other words, the teacher pension system is compounding Illinois» funding issues.

In 2007, the Connecticut Education Association proposed borrowing $ 2 billion to shore up the underfunded teacher pension system.

In Illinois, the biggest problem is that Chicago operates its own teacher pension system separate and apart from the state fund.