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Direct linkHansen, Janet – National Center on Performance Incentives, 2009
Like most other state and local government employees, teachers participate primarily in defined benefit pension plans whose benefits are based on final average salaries and length of service. Such pensions have been replaced in many private sector firms by defined contribution pensions. A number of questions have arisen about the feasibility and…
Descriptors: Private Sector, Teacher Retirement, Government Employees, Teacher Shortage
Download full textPodgursky, Michael – Abell Foundation, 2006
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…
Descriptors: Private Sector, Public School Teachers, Teacher Persistence, Teacher Shortage
