ERIC Number: EJ1155619
Record Type: Journal
Publication Date: 2017-Oct
Abstractor: As Provided
For Teachers, a Better Kind of Pension Plan
Winters, Marcus A.
Phi Delta Kappan, v99 n2 p32-36 Oct 2017
Public school teachers deserve a compensation system that puts them on a secure path toward retirement. The severely backloaded structure of today's public school teacher pension systems benefit only a small proportion of entering teachers while putting the rest on an insecure retirement path. But there is a cost-neutral solution to this problem that would benefit most teachers entering public school classrooms today without removing any of the protections from the stock market with which teachers have become accustomed. Teacher pensions could be restructured so that teachers earn retirement wealth in relatively equal intervals throughout their careers. The author calls these Smooth Accrual Defined Benefit plans.
Descriptors: Retirement Benefits, Public School Teachers, Teacher Retirement, Job Layoff, Money Management
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
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