ERIC Number: ED556301
Record Type: Non-Journal
Publication Date: 2015-Jan
Reference Count: 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.
Descriptors: Teacher Retirement, Retirement Benefits, Geographic Location, Eligibility, Teacher Employment Benefits, Resource Allocation, State Government, Financial Support, State Policy, Sustainability, Taxes, Educational Finance, Planning
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
Sponsor: Laura and John Arnold Foundation; Joyce Foundation
Authoring Institution: National Council on Teacher Quality