ERIC Number: ED353703
Record Type: RIE
Publication Date: 1992
Aging Work Force Brings New Look at Teacher Retirement.
Auriemma, Frank V.; And Others
OSSC Report, v33 n1 p1-10 Fall 1992
Higher salaries and improved working conditions have combined to make teaching a more attractive profession and to reduce teacher turnover rates. At the same time, however, the teaching work force has aged and faces problems in retirement programs. All levels of government should work with interested groups to find solutions to six major problems associated with retirement programs: financial inviability, conflicting state and federal policies, lack of portability of plans, inflexibility, lack of participant control, and inequity between districts. One national and 50 state commissions, which would include all interested parties, should be formed to find solutions to the problems of teacher retirement policies. In many states, high ratios of retired to working teachers threaten the viability of pension funds. Also, some states have shifted more of the financial burden for pension plans to teachers. Many school boards have used early retirement incentives to save money and give teachers more flexibility. However, these efforts often conflict with state policies designed to promote teacher longevity. A national survey should examine this state-local conflict and the negative aspects of early retirement programs. A nationwide 5-year vesting period, greater flexibility, and more individual control are possible solutions to problems in teacher retirement systems. (Contains 16 references.) (JPT)
Publication Type: Information Analyses; Journal Articles; Opinion Papers
Education Level: N/A
Authoring Institution: Oregon School Study Council, Eugene.
Grant or Contract Numbers: N/A