Currently, higher education is being roiled by class-action lawsuits filed against high-profile institutions, including MIT, Yale and New York University, over management of their retirement plans. As the lawyers are deployed and the billable hours accrue, it is timely to examine how those who have responsibility for retirement plan…

Hybrid retirement plans that combine defined benefit pensions with 401(k) type, defined contribution accounts can play important roles in the reform of public-sector pensions. Summarizing results from our longer report ["How Will Rhode Island's New Hybrid Pension Plan Affect Teachers? A Report of the Public Pension Project" (2014)], this…

Nearly half of U.S. schools are facing COVID-related staff shortages that threaten the efforts to shape programming and invest in resources to solve students' unfinished learning. Without enough teachers and support staff, students won't receive rigorous instruction, won't have access to targeted intensive tutoring to address their unfinished…

Most public school teachers in the United States are enrolled in defined benefit (DB) pension plans. Using administrative micro data 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…

After Ava McCall retired from university teaching in June, 2015, she spent the 2015-2016 school year volunteering in a fourth-grade classroom helping to teach Wisconsin history. Her volunteer work was similar to other retired teachers in the local school district who returned to mentor new teachers, volunteer in classrooms, and serve as substitute…

California schools have had persistent difficulties filling special education vacancies, but in the past two years, these shortages have skyrocketed, as evidenced by the growth of substandard special education authorizations. When schools struggle to fill a position with a qualified teacher, they often hire teachers who are still in training or…

In 2011 Rhode Island replaced the stand-alone defined benefit pension plan it provided to state employees with a hybrid plan that reduced the defined benefit component and added a 401(k)-type, defined contribution component. Although controversial, the new hybrid plan will boost retirement incomes for most of the states public school teachers. Our…

Over the past 70 years, the American university has become the global gold standard of excellence in research and graduate education. The unprecedented surge of federal research support of the post-World War II American university paralleled the steady strengthening of the American academic profession itself, which managed to attract the best and…

The U.S. teacher pension system is in major financial trouble, with almost $390 billion in unfunded liabilities, according to a recent report from the National Council on Teacher Quality (NCTQ). And funding shortfalls grew in all but seven states between 2009 and 2012, the nonprofit research and policy group found. Though the current economic…

During the 1960s, there was extensive hiring of college and university faculty members. This large group of professors are now at or nearing retirement age. Concerns about the economy, the availability of good health insurance, increased life expectancy, and removal of mandatory retirement laws may influence decisions about when to retire.…

In "Missouri Charter Schools and Teacher Pension Plans: How Well Do Existing Pension Plans Serve Charter and Urban Teachers?" the authors stated that there is no reciprocity between the three Missouri teacher pension plans, based on their understanding that employer contributions could not transfer between plans. That statement is…

Teacher shortages that most severely affect schools serving the least advantaged children have been part of the California education landscape for the last half decade. This brief describes how key teacher supply and demand factors vary across the state, and it provides potential policy solutions to mitigate ongoing shortages. The brief also…

The emeritus college, a recent higher education innovation, provides retired professors with a means to stay intellectually engaged and continue to contribute professionally in retirement. The emeritus college can also help institutions maintain a steady flow of professional talent by making retirement more attractive for senior academics. This…

After more than 36 years as a teacher and school psychologist, the author decided that it was time for her to retire at the end of last school year (2011-2012). She spent her career as school psychologist trying to make a difference in the lives of the children and families that she served. But before she retired her WISC test kit, stopwatch, and…

With the U.S. facing a national teacher shortage that is projected to grow substantially in the coming years, school systems across the country are grappling with the challenge of building and maintaining a high-quality teacher workforce for all students. While school leaders and policymakers might be tempted to solve shortages by focusing solely…