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Podgursky, Michael; Aud Pendergrass, Susan; Hesla, Kevin – Education Next, 2018
Public school districts are facing twin challenges: maintaining a labor supply of qualified teachers while shoring up the deteriorating system that compensates them. Keeping public-school teachers' pensions plans flush is expensive, and it accounts for a growing share of education spending. In some states, public charter schools provide an…
Descriptors: Charter Schools, Innovation, Teacher Retirement, Retirement Benefits
Fitzpatrick, Maria D.; Lovenheim, Michael F. – Education Next, 2014
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…
Descriptors: Teacher Retirement, Teacher Employment Benefits, Educational Finance, Incentives
Costrell, Robert; Podgursky, Michael – Education Next, 2009
The ongoing global financial crisis is forcing many employers, from General Motors to local general stores, to take a hard look at the costs of the compensation packages they offer employees. For public school systems, this will entail a consideration of fringe benefit costs, which in recent years have become an increasingly important component of…
Descriptors: Teacher Salaries, Public Schools, Fringe Benefits, Teacher Retirement