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Direct linkBen Backes; Dan Goldhaber; Cyrus Grout; Cory Koedel; Shawn Ni; Michael Podgursky; P. Brett Xiang; Zeyu Xu – Grantee Submission, 2016
Most public school teachers in the United States are enrolled in defined benefit (DB) pension plans. Using administrative microdata from four states, combined with national pension funding data, we show these plans have accumulated substantial unfunded liabilities--effectively debt--owing to previous plan operations. On average across 49 state…
Descriptors: Retirement Benefits, Teacher Retirement, Public School Teachers, Resource Allocation
