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Download full textCostrell, Robert M.; Podgursky, Michael – Urban Institute (NJ1), 2007
This paper examines the pattern of incentives for work versus retirement in five state teacher pension systems. We do this by examining the annual accrual of pension wealth from an additional year of work over a teacher's career. Accrual of wealth is highly nonlinear and heavily loaded at arbitrary years that would normally be considered…
Descriptors: Teacher Retirement, Exhibits, Retirement Benefits, Teacher Supply and Demand
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
