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Download full textAldeman, 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, 2014
To shore up the $46 billion pension debt the state has accrued over the past several decades, Illinois has been using its teachers as a piggy bank. New legislation adopted in December 2013 will raise the retirement age for mid-career workers and limit the amount retiree pensions can increase with inflation over time. State and national union…
Descriptors: Teacher Retirement, Retirement Benefits, State Legislation, Teaching Experience
