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Direct linkKoedel, Cory; Ni, Shawn; Podgursky, Michael – Education Finance and Policy, 2014
During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine the benefit enhancements to the teacher pension…
Descriptors: Retirement Benefits, Teacher Retirement, Beginning Teachers, Compensation (Remuneration)
Download full textKoedel, Cory; Xiang, P. Brett – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2015
We use data from workers in the largest public-sector occupation in the United States -- teaching -- to examine the effect of pension enhancements on employee retention. Specifically, we study a 1999 enhancement to the benefit formula for public school teachers in St. Louis that resulted in an immediate and dramatic increase in their incentives to…
Descriptors: Government Employees, Public School Teachers, Public Sector, Retirement Benefits
Koedel, Cory; Ni, Shawn; Podgursky, Michael – National Center for Analysis of Longitudinal Data in Education Research, 2012
During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine the benefit enhancements to the teacher pension…
Descriptors: Teacher Retirement, Retirement Benefits, Government Employees, Age Differences
