The ongoing crisis in teacher pension funding has led states to consider various reforms in plan design to replace the traditional benefit formulas, based on years of service and final average salary (FAS). One such design is a cash balance (CB) plan, long deployed in the private sector, and increasingly considered, but rarely yet adopted, for…

As public budgets have grown tighter over the past decade, states and school districts have sought ways to control the growth of spending. One increasingly common strategy employed to rein in costs is to offer experienced teachers with high salaries financial incentives to retire early. Although early retirement incentive (ERI) programs have been…

This bulletin provides the seventh chapter of the Biennial Survey of Education, 1930-32, which has been published in separate chapters dealing with specific segments of the educational system. The purpose of this publication is to make available information on educational legislation enacted during 1931 and 1932. Probably in no previous biennium…