Analysis of a longitudinal file of collectively bargained pension plans found dramatic increases in benefit levels; reductions in early, normal, and deferred retirement ages; and declines in age at which pension values peak. Findings indicate that employer-provided pensions can and will play an important role in inducing people to remain on their…

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…