Not exact matches
My answer is all of them: For every year they work,
teachers should accumulate
benefits toward a secure
retirement.
South Carolina contributes 1.6 percent of
teacher salaries
toward retirement benefits, which is below the national average and could leave
teachers vulnerable to insufficient
retirement savings.
But for these states, extending existing
retirement options to
teachers is a low - cost, high - impact reform that would go a long way
toward helping educators earn a better
retirement benefit.
New Jersey contributes 3.5 percent of
teacher salaries
toward retirement benefits, which is below the national average and could leave
teachers vulnerable to insufficient
retirement savings.
But instead of simply trimming existing
teacher pensions, alternative
benefit designs like 401 (k)- style defined contributions plans or cash balance plans would enable all public school
teachers to accumulate savings
toward a secure
retirement, including those with shorter careers.
Even as employer contributions
toward teachers»
retirement plans are at all - time highs, those same employers are actually offering new
teachers worse
benefits.
Debt costs: The majority of contributions into
teacher pension plans today are not going
toward retirement benefits for today's
teachers; they're mainly going
toward unfunded pension liabilities.