Sentences with phrase «year eri»

To overcome this challenge, we take advantage of a natural experiment brought about by a two - year ERI program offered by Illinois in the early 1990s.

Not exact matches

Combined with the aging of the teacher workforce, these ERIs are likely to change the composition of teachers dramatically in the coming years.

For each year of creditable service purchased through the ERI, however, the district has to pay 12 percent of the teacher's salary in a lump - sum payment.

On average, Illinois elementary and middle schools have 9.4 teachers in these grades, 5.2 of whom have 15 or more years of experience prior to the ERI program.

The median ERI retiree received $ 115,677 of increased benefits from retiring five years earlier.

This ERI, called the «5 +5,» allowed employees to buy up to an additional five years of age and service credit.

Overall, for each teacher with 15 or more years of experience before ERI, the number of new teachers in a school increased by 0.073, or 20 percent.

To measure the effect on test scores of the retirements resulting from the ERI program, we exploit the fact that teachers with more years of experience were much more likely to be affected by the program.

First, we find that having one more teacher with 15 or more years of experience in a school before ERI increased the number of experienced teachers exiting each year during the ERI period by 33 percent.

Because of the ERI, the median teacher retired 5 years earlier than she would have otherwise, at age 55 with 27 years of service rather than at age 60 with 32 years of service.

Most teachers aged 50 years or older have at least 15 years of experience, so we expect the ERI to have influenced the retirement behavior of teachers with at least 15 years of experience disproportionately.

The increased exit among more - experienced teachers was accompanied by declines in average teacher experience of 0.41 years, or 2.6 percent, for every teacher with 15 or more years of experience before ERI.

Teachers who retired early because of the ERI, however, could expect to receive pension benefits for more years than if they had retired later.

Although early retirement incentive (ERI) programs have been around since the 1970s, their popularity has spiked in the past five years, as it has during previous recessions.

According to ERI's latest financial report, Ted White gave ERI between $ 25,000 and $ 50,000 last year, while Tom Steyer made a donation of over one million dollars.