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ERIC Number: ED510429
Record Type: Non-Journal
Publication Date: 2009-Feb
Pages: 44
Abstractor: As Provided
Scrambling the Nest Egg: How Well Do Teachers Understand Their Pensions and What Do They Think about Alternative Pension Structures? Conference Paper 2009-13
DeArmond, Michael; Goldhaber, Dan
National Center on Performance Incentives, Paper prepared for "Rethinking Teacher Retirement Benefit Systems" (Nashville, TN, Feb 19-20, 2009)
In this paper we focus on two questions: How well do teachers understand their current pension plans? And, what do they think about alternative plan structures? The data come from administrative records and a 2006 survey of teachers in Washington State. The results suggest that Washington's teachers are fairly knowledge about their pensions, although new entrants and mid-career teachers appear to be less knowledgeable than veterans. As for teachers' preferences for plan structure, the survey suggests that, when it comes to investing additional retirement savings, a plurality of teachers favor defined contribution plans that offer more portability and choice but also more risk than traditional defined benefit plans. Again, perhaps unsurprisingly, the findings suggest that, all else equal, teachers newer to the profession are more likely than veterans to favor a defined contribution structure. (Contains 7 tables, 1 figure, and 29 footnotes.)
National Center on Performance Incentives. Peabody College of Vanderbilt University, PMB #43, 230 Appleton Place, Nashville, TN 37203. Tel: 615-322-5538; Fax: 615-322-6018; e-mail:; Web site:
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: University of Arkansas, Department of Education Reform
Authoring Institution: Vanderbilt University, National Center on Performance Incentives
Identifiers - Location: Washington