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…

The ongoing crisis in teacher pension funding has led states to consider various reforms in plan design to replace the traditional benefit formulas, based on years of service and final average salary (FAS). One such design is a cash balance (CB) plan, long deployed in the private sector, and increasingly considered, but rarely yet adopted, for…

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…

The growing fiscal cost of K-12 teacher pension plans and pension-induced labor market distortions have led to calls for teacher pension reforms. Dynamic structural econometric models are a useful way to analyze the fiscal and staffing consequences of current and alternative retirement plans. This article lays out the benefits of the structural…

In this brief, we examine an important but obscure form of state spending on K-12 education-state subsidies of school district pension costs. In 2018, this exceeded $19 billion across 23 states. To put that amount into perspective, 2018 federal spending on Title I programs was $15.8 billion. This revenue stream is often ignored in analyses of…

Do employees at public colleges and universities have better retirement benefits than K-12 employees? This is the central question in the new report "Choice and Quality Among Retirement Plans for Educators." To answer this question, we evaluate the quality of higher education and K-12 retirement plans using five key variables: (1)…

There is a nationwide shortage of qualified teachers, with 90% of all teacher shortages caused by teacher attrition (Carver-Thomas & Darling-Hammond, 2019). This study surveyed public school K-12 teachers in South Carolina to gain an understanding of workplace factors that contribute to teacher intentions to quit/ teacher attrition. The…

Background/Context: High teacher turnover has directed a great deal of scholarly attention toward the connection between teacher retention and teacher working conditions. Prior work has identified a set of key working conditions associated with teacher retention, including supportive school leadership, school safety, a collaborative professional…

A growing educator shortage is having significant impacts in schools and communities throughout the United States. In response to this growing concern, the Kansas Teacher Retention Initiative was launched in the summer of 2021, with a focus on measuring, understanding, interpreting, and disseminating data-driven insights regarding the driving…

P-12 and higher education finance policies and resources impact human resources administration. By examining education finance policy analyses covering 50 states written from 2013 to 2019, we illuminate human resource trends and challenges that emerged during this time. The purpose of this document analysis was to synthesize and share emerging…

I use a detailed panel of data and a unique modeling specification to explore how public schoolteachers respond to the incentives embedded in North Carolina's retirement system. Like most public-sector retirement plans, North Carolina's teacher pension implicitly encourages teachers to continue working until they are eligible for their pension…

The coronavirus disease 2019 (COVID-19) pandemic has added more stress to an already high-stress profession: American public school teacher. The authors of this report share the results of a new survey of nearly 1,000 former public school teachers and reveal how important stress has been--even more so than pay--to teachers' decisions to leave the…

A vast research literature is devoted to analyzing causes of and potential remedies for early-career teacher attrition. However, much less attention has been paid to late-career attrition among experienced teachers, which is driven primarily by retirement plan incentives. Although there is some variation across states, it is generally the case…

From funding to teacher quality, inequities exist between school districts. This paper adds to the literature on inequities by examining the impact of pension plan formulas on pension benefits. Using data from the salary schedules of 464 Missouri school districts, this paper analyzes how various final average salary calculations would impact the…

This descriptive survey research utilized a content-validated questionnaire to determine the perceived impact of the implementations of a K to 12 education system in the Philippines. It also determined how teachers plan to manage the possible threats of the new K to 12 education system to their tenure and financial stability. For this study, 77…