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Aldeman, Chad; Rotherham, Andrew J. – Education Sector, 2010
Policymakers are beginning to take note of the fiscal problems in teacher retirement systems. States have recently taken action by raising retirement ages, lowering benefit payments, and reducing cost-of-living adjustments. These are small steps toward shoring up the system to help ensure that it remains sustainable in the future. But the problems…
Descriptors: Teacher Retirement, Retirement Benefits, Public School Teachers, Financial Problems