The extent, causes, and possible consequences of underfunded teacher pensions are examined. The analysis is divided into two separate studies. Essay I, "Appraising the Funding Status of Teacher Pensions: An Econometric Approach," examines the funding status of teacher pension plans for the 50 states and for selected localities for the…

In terms of benefit plan coverage and protection, or "Benefit Environment", higher education is the most advanced of professional or employment groups. Between 1959 and 1969, the percentage of 4-year institutions of higher education in the U.S. having faculty retirement plans grew from 85% to 95%. About 50% of these institutions have some form of…

This report presents a "status" study, reporting practices followed in school systems where a severance pay policy is in effect. Severance pay is a fringe benefit designed to provide teachers who have given service to a school system with financial security during the period of transition to a new position or to retirement. The initial…

This study describes the present status of benefit planning in the junior colleges, discusses the principles governing benefit plans, and raises questions regarding the development of sound benefit plans in light of the needs of individual faculty and staff as well as of the goals of the institution. The base of the study was a questionnaire…

A comparison of the benefits of participating in TIAA and CREF retirement programs is offered with emphasis on differences in payout rates and in overall financial performance. (LBH)

This speech discusses the legality of school committee severance and salary adjustment payments based on accumulated and unused sick leave to retired teachers in the last year of service. The types of contract provisions discussed usually invoke a formula by which a certain number of accumulated, unused sick leave days are multiplied by a per diem…

Teachers will benefit from the Social Security amendments of 1972, Public Law 92-603, including Medicare coverage, increased cash benefits, and liberalization of the amount a retiree may earn while collecting social security benefits. (DS)

The California Faculty Association (CFA) seeks to secure and maintain sound retirement options that encourage phased faculty retirement. Their experience in negotiating and administering retirement options are discussed. Defined benefit plan and defined contribution plan are described. CFA agreements are appended. (MLW)

The annual Financial Report of the Teachers' Retirement System of Louisiana is divided into six main sections. The Introductory Section includes the letter of transmittal, names of the Board of Trustees, staff, and consultants; the organization chart; copy of certificate of achievement for excellence in financial reporting for 1995 financial…

This report presents results of a survey of pension plans offered by Ontario universities to their employees. A summary provides overall information by: type of plan; eligibility; member contributions; university contributions; benefits; indexing; and standard options for benefit payment on early retirement, termination, or death. An explanation…

This agreement was made on December 18, 1974 between Wagner College and the Wagner College Chapter of the American Association of University Professors. Articles of the agreement include: guarantee of rights, academic ranks, faculty work, faculty appointments, professional evaluation, tenure, dismissal, powers of the faculty, academic departments,…

Presented in this document is the agreement between Rider College and the Rider College Chapter of the American Association of University Professors. Articles of the agreement cover academic freedom, affirmative action, association privileges, tenure, academic governance, evaluation, grievance procedures, general work conditions, workload, fringe…

In the Manhart case, the Supreme Court ruled that it is unconstitutional for women to be required to make higher payments into a retirement fund than do men to receive the same benefits. A district judge ruled elsewhere that a plan calling for equal payments but reduced monthly benefits for women is constitutional. (IRT)

This study examines the impact of teachers' organizations on the compensation of public school teachers. Part 1 focuses on the impact of collective bargaining on teachers' salaries; part 2 deals with interstate variations in teachers' pensions and the influence of teachers' organizations on these variations. In part 1, the authors estimate the…

This survey of 464 junior college teachers from 60 institutions was designed to determine the relative importance to faculty members of four categories of employee benefits--security, teaching, research, and income supplement. (NF)