Sentences with phrase «teacher retirement benefits accounted»
In 2017, employer costs for teacher retirement benefits accounted for 21.9 percent of teachers» salary costs, up from 11.9 percent in 2004 (see Figure 1).
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Most public school teachers participate in defined benefit (DB) pension plans, which because of different accounting rules contribute significantly less today for each dollar of future retirement benefits than private - sector DB pensions or defined contribution (DC) pension plans.
Each individual school must make a detailed calculation, taking long - term factors into account such as teacher retirement benefits.
Teachers can elect to have their retirement benefit deposited in a DROP account while they continue to work and earn a full salary, providing an incentive to delay their decision to retire.