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Ni, Shawn; Podgursky, Michael; Wang, Xiqian – National Center for Analysis of Longitudinal Data in Education Research (CALDER), 2020
Many states enhanced benefits in teacher retirement plans during the 1990s. This paper examines the school staffing effects of one such enhancement in a major urban school district with mostly high poverty schools. Pension rule changes in 1999 for St. Louis public school teachers resulted in very large increases in pension wealth for active…
Descriptors: Urban Schools, School Districts, Teacher Retirement, Retirement Benefits
Budick, Seth – Pew Charitable Trusts, 2019
The School District of Philadelphia is contributing historically high sums to the state-run pension system for its employees, and these hefty payments will affect budgets for the district and the city government for years to come. Unlike Philadelphia's municipal government, the School District of Philadelphia does not control the pension system…
Descriptors: Educational Finance, Budgets, School Districts, Retirement Benefits
Aldeman, 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
Costrell, Robert; Maloney, Larry – Thomas B. Fordham Institute, 2019
Teachers and other employees of the School District of Philadelphia receive their retirement benefits from the Pennsylvania state retirement plan for schools, which includes both a defined-benefit pension plan and a modest retiree health benefit. The cost of the former is expected to rise quite substantially and, as this technical analysis will…
Descriptors: Retirement Benefits, Public Schools, School Districts, Urban Schools
Costrell, Robert; Maloney, Larry – Thomas B. Fordham Institute, 2019
At first glance, the recent teacher-retirement reforms in Ohio seem to bring good fiscal news to school systems in the Buckeye State. With Senate Bills 341 and 342--and a series of cutbacks on retiree healthcare--the Cleveland Metropolitan School District is projected to spend less on retirement costs in 2020 than it does today. But these reforms…
Descriptors: Retirement Benefits, Public Schools, School Districts, Urban Schools