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Fitzpatrick, Maria D.; Lovenheim, Michael F. – Education Next, 2014
As public budgets have grown tighter over the past decade, states and school districts have sought ways to control the growth of spending. One increasingly common strategy employed to rein in costs is to offer experienced teachers with high salaries financial incentives to retire early. Although early retirement incentive (ERI) programs have been…
Descriptors: Teacher Retirement, Teacher Employment Benefits, Educational Finance, Incentives