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ERIC Number: ED556301
Record Type: Non-Journal
Publication Date: 2015-Jan
Pages: 90
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Doing the Math on Teacher Pensions: How to Protect Teachers and Taxpayers
Doherty, Kathryn M.; Jacobs, Sandi; Lueken, Martin F.
National Council on Teacher Quality
Challenging the claims of pension boards and other groups about the cost-effectiveness, fairness and flexibility of the traditional defined benefit pension plans still in place in 38 states, this report includes a report card on each of the 50 states and the District of Columbia, with a detailed analysis of state teacher pension policies, and grades the states on the extent to which they: (1) Offer teachers the option of a flexible and portable primary pension plan, such as a defined contribution (DC) plan; (2) Ensure that traditional defined benefit (DB) pension plans are portable, flexible, and fair for all teachers; (3) At a minimum, ensure some basic principles of fairness in traditional systems; (4) Shore up pension funding for existing commitments; and (5) Require that pension systems smoothly accrue pension wealth with each year of work. The following are appended: (1) Overview of state teacher pension systems; (2) State retirement eligibility rules; (3) State teacher pension unfunded liabilities, per pupil; (4) Unfunded pension liabilities by state (2014); and (5) State policies on teacher purchase of time.
National Council on Teacher Quality. 1420 New York Avenue NW Suite 800, Washington, DC 20005. Tel: 202-393-0020; Fax: 202-393-0095; Web site: http://www.nctq.org
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Laura and John Arnold Foundation; Joyce Foundation
Authoring Institution: National Council on Teacher Quality