Not exact matches
The Ontario
Teachers»
Pension Plan, for example, started
using leadership assessments a couple of years ago to help pinpoint areas where senior staff need improvement and to verify impressions of outside candidates.
Weingarten: Not
using pension plans to help retain
teachers.
Allegretto and Mishel calculate the value of the
pension benefits that
teachers earn in a given year based on how much their employers contributed to their retirement
plans in that year,
using data from the Bureau of Labor Statistics» Employer Costs for Employee Compensation (ECEC) survey.
The sponsors of private
plans must therefore contribute much more for every dollar of promised benefits than governments contribute to
teacher pension plans that value liabilities
using an 8 percent assumed return on portfolios heavily weighted with stocks, hedge funds, or private equity.
Regardless of whether I
use the
pension plan assumptions or the actual turnover rate, the lines show that half of all new
teachers will not reach ten years of service and will not qualify for a retirement benefit.
Using the
pension plan's own interest assumptions (often 8 percent), in half of states
teachers need to stay in a single system for at least 24 years to simply break even on their contributions plus interest.
In our recent paper «Friends without Benefits,» we
used pension plan assumptions for all 50 states and the District of Columbia to estimate that more than half of all
teachers won't qualify for even a minimal
pension.
To explore how charters can
use this flexibility to create different
teacher retirement
plans, economist and
pension expert Michael Podgursky and national charter researchers Susan Aud Pendergrass and Kevin Hesla studied retirement
plans at charter schools across five states: Arizona, California, Florida, Louisiana, and Michigan.
- Early - Career
Teachers:
Using the
pension plan's assumptions for retention, the average first - year
teacher in 2009 had less than a 50 - 50 chance of making it to 2020.
This is a much less incremental approach than the assumptions North Carolina
uses, which makes it even more obvious that New York City's salary bumps at years 10, 13, 15, 18, 20, and 22 are not doing enough to shape
teacher behavior to warrant adjusting the
pension plan's assumptions.
In our recent paper, «Friends Without Benefits: How States Systematically Shortchange
Teachers» Retirement and Threaten Their Retirement Security,» we used pension - plan assumptions for all 50 states and the District of Columbia to estimate that, in the median state, more than half of all teachers won't qualify for even a minimal
Teachers» Retirement and Threaten Their Retirement Security,» we
used pension -
plan assumptions for all 50 states and the District of Columbia to estimate that, in the median state, more than half of all
teachers won't qualify for even a minimal
teachers won't qualify for even a minimal
pension.
The
teachers association, which endorsed Newsom, also asks candidates if they will oppose
using student test scores as an element in determining
teacher salaries; support collective bargaining for school employees; and oppose replacing the
pension system for public employees with a 401k - style retirement
plan.
In Pennsylvania, Philadelphia Federation of
Teachers president Jerry Jordan has long railed against
using 401 (k) retirement
plans for his union's members as a way to curb skyrocketing
pension costs.
Jana Partners, an activist shareholder and a major US public
pension plan provider, and California State
Teachers» Retirement System (CalSTRS) have asked Apple to study how excessive phone
use can affect mental health.