Pensions are a promise made today of benefits to be received tomorrow. They reward employees, including public school teachers, who remain working in a system for extended periods, often for their entire careers. And they impose large costs on those who leave before reaching retirement eligibility--all in the hopes of encouraging them to stay.…

During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine the benefit enhancements to the teacher pension…

This study examines the tight job market for teachers and other education professionals in Michigan and the United States. Expanding employment possibilities can be achieved by an awareness of market trends and a willingness to be flexible. Flexibility includes broadening one's scope, developing expertise in high demand subject areas, expanding…