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Costrell, Robert M. – Educational Researcher, 2023
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…
Descriptors: Risk, Retirement Benefits, Teaching (Occupation), Costs