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…

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…

This study evaluates the impact of the Retired Mentors for New Teachers program, a two-year mentoring program at the elementary school level developed by Aurora Public Schools in Colorado. Many of the district's schools serve a large percentage of economically disadvantaged children, experience high teacher turnover, and hire newer, less…

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…

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…

Tennessee has undertaken several wide-ranging reforms aimed at educator practice and effectiveness over the past several years, including the launch of a new teacher evaluation system, modification of teacher tenure policy, and initial implementation of Common Core State Standards. This report from the Tennessee Department of Education (TDOE)…

The purpose of this explorative study was to trace the career experiences, problems, and issues of school principals in late-career stage, the place given to this stage in the principal's career cycle, and the way by which late career is interpreted in principals' life accounts. Based on life story interviews with twelve male and female principals…

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…

The Committee on Teachers Salaries and Cost of Living presented its first report to the National Education Association in January, 1913. In the present report the committee is able to carry out in part one of the purposes of which it has had in mind from the beginning of its labors, namely a comparison of salaries paid in 1903-4--as recorded in…