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ERIC Number: ED458194
Record Type: Non-Journal
Publication Date: 2001
Pages: 14
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Beyond Salaries: Employee Benefits for Teachers in the SREB States.
Gaines, Gale F.
This report summarizes teachers' and employers' contribution rates to retirement, Social Security and Medicare, and major medical plans. Several Southern Regional Education Board (SREB) states have adopted multi-year goals to raise teacher pay, which involves additional costs for benefits tied to those salary increases. These benefits can add thousands of dollars to the cost of paying teachers. The total percentage that benefits add to the cost of teacher salaries is difficult to accurately determine in many SREB states. Contributions for retirement, Social Security, and Medicare are fairly straightforward (assessed as a percentage of the teacher's salary). However, the cost of major medical insurance is not usually tied to salary. Employer contribution rates vary depending on the type of plan and coverage each teacher selects. Determining the cost as a percentage of salary is complicated further because data are not available on many plans offered by local districts. This report presents tables on teacher retirement programs in SREB states (Social Security participation, employer contribution rates, teacher contribution rates, vesting period, benefits formula, and normal retirement provisions); major medical insurance (state plans and annual employer and employee contributions); and employer contributions for selected employee benefits as a percentage of average salary. (SM)
Southern Regional Education Board, 592 10th Street, NW, Atlanta, GA 30318. Tel: 404-879-5582. For full text: http://www.sreb.org.
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Southern Regional Education Board, Atlanta, GA.