ERIC Number: ED205494
Record Type: RIE
Publication Date: 1980-Dec
The Financial Condition of Teacher Retirement Systems.
Victor, Richard B.; Pease, Sara R.
The financial condition of public employee retirement systems, including teacher retirement systems (TRSs), has become a matter of public concern, intensified by recent debate over the future of the Social Security System. This report provides some basic data about TRS financial condition. It reviews how to assess TRS financial health, discusses the serious empirical problems that impede accurate assessment, suggests several lines of research to improve assessment capability, and brings together published data on TRS financial health. In the discussion on assessing the financial condition of TRSs, the determining of financial conditions and the empirical problems are examined in terms of pension obligations, state and local expenditures, and revenue-raising capability. A comparison is made between defined contribution and defined benefit plans. Indicators of financial condition that are reviewed include balance-sheet indicators, debt-related indicators, and ability-to-pay indicators. The implications of future trends, including declining enrollment, inflation, growth and decline, and fiscal limitation are discussed. (CJ)
Descriptors: Educational Trends, Financial Support, Input Output Analysis, Policy Formation, Retirement Benefits, State Aid, Systems Analysis, Teacher Employment Benefits, Teacher Retirement
Rand Corporation, Publications Department, 1700 Main Street, Santa Monica, CA 90406 ($5.00).
Publication Type: Reports - Research
Education Level: N/A
Sponsor: National Inst. of Education (DHEW), Washington, DC.
Authoring Institution: Rand Corp., Santa Monica, CA.