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Download full textHess, Frederick M.; Squire, Juliet P. – American Enterprise Institute for Public Policy Research, 2009
The tension at the heart of pension politics is the incentive to satisfy today's claimants in the here-and-now at the expense of long-term concerns. Rules and auditing standards are intended to tame this kind of short-sighted behavior in the private sector. In the public sector, the primary safeguard is the hope that public officials will not be…
Descriptors: Public Sector, Teacher Retirement, Retirement Benefits, Income
Podgursky, Michael – Abell Foundation, 2006
Many states are struggling to finance under-funded teacher pension systems as well as recruit and retain a high-quality teaching workforce. This paper compares Maryland's former (prior to Spring, 2006) teacher pension system to those in Pennsylvania and several other states. On the basis of simple replacement rates, the former Maryland state plan…
Descriptors: Private Sector, Public School Teachers, Teacher Persistence, Teacher Shortage
