ERIC Number: ED602499
Record Type: Non-Journal
Publication Date: 2019-Jun
Teacher Pension Plans: How They Work, and How They Affect Recruitment, Retention, and Equity
Aldeman, Chad; Rotherham, Andrew J.
Bellwether Education Partners
Pensions have been at the forefront of recent debates over teacher pay, but the issues are complicated and political. As such, this document is an attempt to inform readers about how pension plans work for the 90 percent of public school teachers enrolled in them. Using objective data and analysis, we explain how teachers earn benefits in those plans, and how the plans interact with other goals in our education system, including attracting and retaining high-quality teachers and providing equitable resources to disadvantaged students. While there are no one-size-fits-all solutions, this document concludes with ideas on ways states could redesign their retirement systems to better meet the needs of teachers and the general public. As a disclaimer, this report focuses on questions affecting public policy choices. Teachers should consult a qualified financial professional before making any consequential financial decisions.
Descriptors: Retirement Benefits, Teacher Retirement, Public School Teachers, Teacher Recruitment, Teacher Persistence, Program Design, Public Policy, Costs, Teacher Employment Benefits, Educational Finance, Retrenchment, Compensation (Remuneration), Educational Equity (Finance)
Bellwether Education Partners. e-mail: firstname.lastname@example.org; Web site: http://bellwethereducation.org
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: N/A
Sponsor: Laura and John Arnold Foundation
Authoring Institution: Bellwether Education Partners