Teacher vacancies have been a long-standing issue in U.S. public schools, only made worse by the COVID-19 pandemic. Vacancies tend to be concentrated in high-poverty, high-minority schools and hard-to-staff subjects like special education and STEM. States have implemented various policies to decrease turnover, including offering teachers bonuses…

Adequately preparing for retirement requires planning and knowledge about available savings and investment options. Teachers participate in a complex set of plan designs, and many do not participate in Social Security. While teachers represent a large part of the public workforce, relatively little is known regarding their knowledge and…

Defined benefit (DB) pension plans incentivize "salary spiking," where sharp increases in pay are leveraged into significantly higher levels of retirement compensation. While egregious instances of salary spiking occasionally make headlines, there is little guidance on the definition of salary-spiking behavior or understanding of its…

The COVID-related financial market decline and economic recession have raised new concerns regarding the financial sustainability of retirement plans for state and local government employees, the largest group of whom is public school teachers. Using data from the Public Plans Database and the National Income and Product Accounts, I analyze…

Retirement plans can create strong financial incentives that have important labor market implications, and many states have adopted alternative plan designs that significantly change these incentives. The authors use longitudinal data to investigate the impact of Washington State's 1996 introduction of a hybrid retirement plan on late-career…

Over the last two decades, twenty-two states have moved away from traditional defined benefit (DB) pension systems and toward pension plan structures like the defined contribution (DC) plans now prevalent in the private sector. Others are considering such a reform as it is seen as a means of limiting future pension funding risk. It is important to…

Adequately saving for retirement requires both planning and knowledge about available retirement savings options. Teachers participate in a complex set of different plan designs and benefit tiers, and many do not participate in Social Security. While teachers represent a large part of the public workforce, relatively little is known regarding…

Background: Adults with intellectual disabilities are living longer and experiencing retirement. However, research about retirement experiences is limited. Method: This qualitative study used semi-structured interviews with 10 retired/retiring U.S. adults with intellectual disabilities and an ally of their choice. Results: Participants described…

This study explored the experiences of retired faculty members in higher education through semi-structured interviews. As a qualitative study, researchers conducted interviews with retired faculty members regarding their joyful moments, challenges, and strategies for overcoming obstacles in academia. The study also examined the advice retired…

Australia has an aging population with increasing numbers embarking on the major life transition to retirement when compared to previous decades. The Australian university sector has experienced considerable upheaval as it has undergone austerity measures to attempt to manage the impact of the pandemic. The objective of this study was to conduct…

Background: Despite being an important component of teacher compensation, government-sponsored teacher pensions are only 72 percent funded on average and have total unfunded liabilities exceeding $600 billion nationally (McGee, 2019; Novy-Marx & Rauh, 2011; "Public Plans Data," 2020). Annual per pupil teacher retirement costs account…

This study summarizes employment benefits from across 155 U.S. allopathic medical schools, investigates differences in employment benefits according to institutional characteristics, and explores possible connections between employment benefits and institutional wealth. Employment benefits data were extracted from institutions' websites across…

Aging, an often-neglected aspect of diversity in universities, is an important issue, as the rate of people working who are 75 and older is growing faster than the rate for any other age group. The present sequential explanatory mixed-method study explored 129 older online faculty's attitudes and opinions on work and retirement in an online survey…

How much do teachers value compensation that is deferred until retirement? This question is important because the vast majority of public school teachers are covered by defined benefit (DB) pension plans that "backload" a large share of compensation to retirement relative to the compensation structure in the private sector. There is…

Medical education has reported a shortage of anatomy educators since the 1960s. While the faculty pipeline has recently been explored, insights into retirement intentions, a key driver of faculty turnover, have yet to be investigated. With the mean age of anatomists rising, knowledge of retirement intentions among current educators is essential to…