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Download full textAldeman, Chad – Bellwether Education Partners, 2020
For the last two decades, Ohio has given its new public school teachers choices among retirement plans. Early in their employment, they are handed a form that allows them to opt for a traditional pension plan, a 401(k)-style defined-contribution (DC) plan, or a plan that combines elements of each. If they make no affirmative decision at all--that…
Descriptors: Public School Teachers, Teacher Retirement, Teacher Employment Benefits, Retirement Benefits
Aldeman, Chad; Goldhaber, Dan; Theobald, Roddy – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2021
Over the last few months, media outlets including Axios, CNN, The New York Times, and The Wall Street Journal have raised the specter that there may be a rise in teachers exiting the profession. The concern is that a post-pandemic private sector boom, combined with relatively low teacher pay and burnout from online teaching, are a combustible mix…
Descriptors: Faculty Mobility, Public School Teachers, Trend Analysis, Teacher Employment
Aldeman, Chad; Randazzo, Anthony – Bellwether Education Partners, 2020
In "Are Texas Teacher Retirement Benefits Adequate?," authors Chad Aldeman and Anthony Randazzo analyze the Teachers' Retirement System (TRS) of Texas and find it is not serving all of its members well. Most members will leave their teaching service in Texas with inadequate retirement benefits, and the unfunded liabilities the system has…
Descriptors: Teacher Retirement, Retirement Benefits, Teacher Employment Benefits, Tenure
Peer reviewed
Direct linkAldeman, Chad – Education Next, 2019
Los Angeles Unified, the second-largest school district in the country, is on pace to spend more than half of its annual budget on retirement and health-care costs by the year 2031. By then, it is projected to spend 22.4 percent of its budget on pensions and 28.4 on health-care benefits for current and former workers. The cost of health care is…
Descriptors: School Districts, Teacher Employment Benefits, Health Services, Public Education
Aldeman, Chad – Bellwether Education Partners, 2020
In response to financial pressures, the New York State Assembly has created new, less-generous retirement plans for teachers. Teachers and other education employees are enrolled in one of two plans, the Teachers' Retirement System of the City of New York (TRS) and the New York State Teachers' Retirement System (NYSTRS). How far have the benefits…
Descriptors: Teacher Employment Benefits, Retirement Benefits, Money Management, Teacher Salaries
Aldeman, Chad; Rotherham, Andrew J. – Bellwether Education Partners, 2019
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…
Descriptors: Retirement Benefits, Teacher Retirement, Public School Teachers, Teacher Recruitment
