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Backes, Ben; Goldhaber, Dan; Grout, Cyrus; Koedel, Cory; Ni, Shawn; Podgursky, Michael; Xiang, P. Brett; Xu, Zeyu – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2016
Most public school teachers in the United States are enrolled in defined benefit (DB) pension plans. Using administrative micro data from four states, combined with national pension funding data, we show these plans have accumulated substantial unfunded liabilities -- effectively debt -- owing to previous plan operations. On average across 49…
Descriptors: Public School Teachers, Retirement Benefits, Teacher Retirement, Age Differences
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