To improve the finances of the Teacher Retirement System of Texas, which serves almost 1.5 million workers and retirees, Texas Governor Greg Abbott signed legislation in spring 2019 that gradually raises plan contributions by the state, school districts, and employees. Additional contribution hikes may be necessary to close the plan's funding gap,…

Financial professionals involved in divorce proceedings, whether for a client or an attorney, often use software to project the ability of a dependent spouse to earn income off of her separate estate. These projections have historically relied on static inputs and use a Monte Carlo simulation to illustrate the paths a portfolio might take. Within…

The School District of Philadelphia is contributing historically high sums to the state-run pension system for its employees, and these hefty payments will affect budgets for the district and the city government for years to come. Unlike Philadelphia's municipal government, the School District of Philadelphia does not control the pension system…

Recent studies argue that in the next 5 years, the higher education sector will see half to two-thirds of its academic workforce leave the academy due to retirement, career burnout, or job dissatisfaction. This study surveyed over 100 working academics in Australia, North America, and the United Kingdom to determine their aspirations for remaining…

This report provides an overview of the forecast financial health of the HEFCE-funded higher education (HE) sector in England. The analysis covers the financial forecasts for the period 2015-16 to 2018-19, based on information submitted by higher education institutions (HEIs) to HEFCE in July 2016. Financial Reporting Standard (FRS) 102 is the new…

Indiana recently gained status as a national leader in educational reform. At the same time, a record number of superintendents retired, with 62 retirements in 2012 and 2013, representing 21% of superintendents in the state. The purpose of this study was to explore factors influencing superintendents' decisions to retire during this time.…

Retirement is another phase of life. It is neither occupational death nor physical death. This study investigated principals' perception of the strategies to cope with retirement. One research question and one hypothesis guided the study. The sample for the study was 259 principals in Anambra state schools. Questionnaire was the instrument for the…

Retiree recruitment is a burgeoning economic development strategy among rural communities despite uncertainty over whether later-life migrants will bring with them "Gray Gold" in the form of economic development or "Gray Peril" in the form of a reduced willingness to support the provision of local public services such as…

Over the period of 40 years public sentiment in this country in favor of provisions for the comfort and security of aged groups has had a steady growth. The sentiment in favor of provisions for the retirement of public-school teachers is now so general that it is often felt unnecessary to include any consideration of the social and economic…

Retirement benefits offered by Ontario's 17 universities to instructional and non-instructional staff are reported. Pension plans are summarized, and each institution's policy and practices are also presented separately. Information about plans includes type of plan, eligibility, member and university contributions, and benefits and standard…

Current income and anticipated income are important considerations in people's preretirement planning for when and where to retire. Community characteristics, suitable and affordable housing, utility costs, and natural resources may be weighed when decisions about where and when to retire are under consideration. If pre-retirees are to carry out…

The financial condition of public employee retirement systems, including teacher retirement systems (TRSs), has become a matter of public concern, intensified by recent debate over the future of the Social Security System. This report provides some basic data about TRS financial condition. It reviews how to assess TRS financial health, discusses…

Examines intergenerational financial support for married males at retirement age, using date from the Longitudinal Retirement History Study. Results show a substantial number of these men remain in the middle generation. Many provide some financial aid to children, fewer to aged parents, and still fewer to both. (Author/JAC)

This report examines how U.S. businesses will be affected by the demographic changes in an aging society. As employers, as funders of retirement income and health programs, and as community citizens facing the needs of a graying population, businesses will need to develop new strategies to address current and future change. A concurrent trend of…

This study examines the consumption of resources by retired persons by distinguishing between institutionally controlled resources (social security, medicare, prescription discounts, medicaid, heating subsidy, supplemental security income, veterans' benefits, disability income, and meals-on-wheels) and personally controlled resources (gardens,…