Sentences with phrase «teachers nearing retirement age»

At the back end, pensions do have a retention effect on teachers nearing retirement age, but that comes too late to affect teacher retention rates very much.

Research from Missouri and California has shown that teachers nearing retirement age do time their retirement for when they hit their peak retirement compensation.

Not exact matches

Pensions have acted as a strong incentive for late career teachers nearing the prescribed retirement age to stay in the classroom, «pulling» teachers to stay in the system.

These formulas translate into a back - loaded structure where benefits are low for many years until, as teachers near their normal retirement age, their pension wealth accelerates rapidly.

Instead, pensions create a structure that highly incentivizes workers to leave once they pass the normal retirement age, and those nearing normal retirement to continue working («pulling» or locking teachers into the classroom despite individual choice or burnout).

Teachers nearing their state's normal retirement age consistently respond to this disincentive and leave the classroom to maximize their benefits.

«It won't catch us by surprise,» said Deputy Supt. Richard Bartholome of the Bonita Unified School District, where 100 of the 400 teachers are at or near retirement age.

Jettison their current approach to retirement benefits in which teachers accrue relatively meager benefits through much of their careers, and then abruptly become eligible for much more as they near retirement age.

In a traditional defined benefit plan, benefits are heavily backloaded; teachers receive minimal benefits in their early years but quickly earn substantial benefits as they near their plan's prescribed «normal retirement age.»

Pensions have acted as a strong incentive for late career teachers nearing the prescribed retirement age to stay in the classroom, ``

According to the article, at least 238 firefighters, teachers and other career public workers who were near retirement age accused your company of providing bad advice that drained their retirement savings.