ERIC Number: ED347620
Record Type: Non-Journal
Publication Date: 1992
Reference Count: N/A
Graying Teachers: A Report on State Pension Systems and School District Early Retirement Incentives.
Auriemma, Frank V.; And Others
Nearly a million teachers will reach retirement age in the next 9 to 11 years. This report presents a complete state-by-state overview of the retirement programs available to America's teachers. Chapter 1 presents the issues of teacher aging, retirement, and early retirement and asks how school districts might effectively manage the retirement and replacement of teachers. Chapter 2 surveys retirement plans in the 50 states and provides information on how to calculate a teacher's pension, with relevant data by state. Chapter 3 looks at local and state programs to entice teachers to retire early. Empirical methods are used to assess the effectiveness of various plans. Case studies of early retirement incentive plans in six districts show how these plans work. Based on conclusions drawn from these data, school officials are advised on how to create, implement, and evaluate an early retirement program. Chapter 4 calls for a national task force on teacher retirement and argues that the future of the teacher retirement system depends on resolving six related issues: (1) threatened financial viability; (2) lack of consistency between local and state policies; (3) lack of portability of plans; (4) lack of system flexibility in investment and withdrawal of funds for teachers; (5) lack of control by teachers as individuals and as a group; and (6) lack of equity among teachers in various districts. (21 tables, 48 references) (MLF)
Descriptors: Aging in Academia, Early Retirement, Educational Administration, Elementary Secondary Education, Incentives, Personnel Policy, Public Schools, Retirement Benefits, School Districts, State Legislation, Tables (Data), Teacher Retirement
Publication Sales, ERIC Clearinghouse on Educational Management, University of Oregon, 1787 Agate Street, Eugene, OR 97403 ($10.50; $3.00 postage and handling).
Publication Type: ERIC Publications; Reports - Research
Education Level: N/A
Audience: Administrators; Policymakers; Teachers; Practitioners
Sponsor: Office of Educational Research and Improvement (ED), Washington, DC.
Authoring Institution: ERIC Clearinghouse on Educational Management, Eugene, OR.