West Virginia's attempt to reshape its teacher retirement system in the 1990s and early 2000s is often cited as a cautionary tale to block other teacher pension reform efforts across the country. Critics argue that because West Virginia replaced its pension fund with a defined contribution (DC), 401(k)-style plan in the early nineties, and then…

How are teacher pension benefits funded? Under traditional plans, the full cost of career teachers' benefits far exceeds the contributions designated for them. The gap between the two has three pieces, which may (with some license) be mnemonically tagged the three R's of pension funding: "redistribution," "return," and…

Years of irresponsible budgeting practices have left the Teachers' Retirement System of Louisiana (TRSL) almost $12 billion in debt. Without significant reforms, Louisiana's pension problems are likely to get worse, with further negative consequences for workers and schools. This report shows that schools participating in the TRSL already must…

The relationship between employer and employee has changed significantly over the past 40 years. One of the greatest changes in this relationship is in the nature of employee retirement. While pension reform at public and private colleges has helped ensure institutional financial viability, retirement security for employees has declined. With the…

The "2016 Disability Statistics Annual Report" presents statistics to address the following types of questions: (1) How many people with disabilities live in the United States; (2) What is the percentage of people with disabilities in different age groups; (3) What is the percentage of people with disabilities for different types of…

Although benefits can be a sizable part of an educator's total compensation, there has been little scholarly inquiry into the state pension plans for educators. Despite the fact that all defined benefit plans rely on the same basic formula for calculating annual pensions, they vary across states in the multiplier used, the method for calculating…

The "Annual Disability Statistics Compendium" is a publication of statistics about people with disabilities and about the government programs which serve them. The "Compendium" is designed to serve as a summary of government statistics. The 2016 "Annual Disability Statistics Compendium" was substantially revised and…

Teacher benefits, once a sleepy question primarily of interest to actuaries, have become a flash point in the education debate. With individual states on the hook for tens or hundreds of millions in unfunded pension and health insurance obligations, state leaders are trying to determine the severity of the situation and the appropriate response.…

While it is generally understood that defined benefit pension systems concentrate benefits on career teachers, and impose costs on mobile teachers, there has been very little analysis of the magnitude of these features and patterns of variation between states. The authors develop a measure of implicit redistribution of pension wealth among…

We offer a concise history of teacher retirement plans in the United States, highlighting the increase in the generosity of the plans over the past 25 years. We employ data from plans in all fifty states to estimate the impact of a set of social and economic variables on the plans' replacement rates for a hypothetical teacher. We find that, at the…

Most public elementary and high school teachers are covered by health insurance provided by their employer while they are employed. In most cases, these health plans are managed at the state level. At retirement, teachers with sufficient years of service are allowed to remain in the health plan. Retiree health plans for teachers vary widely across…

The "Annual Disability Statistics Compendium" is a publication of statistics about people with disabilities and the government programs which serve them. It is modeled after the U.S. Department of Commerce's annual "Statistical Abstracts of the United States." The "Compendium" is designed to serve as a reference guide…

This study explores professional development for school executives in a suburban school district in North Carolina. Survey research and descriptive statistics were utilized to capture demographic data and the perceptions of professional development opportunities in this setting. The knowledge level of each participant related to the school…