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Direct linkCostrell, Robert M.; McGee, Josh – Education Finance and Policy, 2019
The value of pension benefits varies widely, by a teacher's age of entry and exit. This variation is masked by the uniform rate of annual contributions, as a percent of pay, to fund benefits for all. For the first time, we unmask that variation by calculating annual costs at the individual level. In California, we find that the value of a…
Descriptors: Retirement Benefits, Teacher Characteristics, Costs, Fringe Benefits
