Although benefits can be a sizable part of an educator's total compensation, there has been little scholarly inquiry into the state pension plans for educators. Despite the fact that all defined benefit plans rely on the same basic formula for calculating annual pensions, they vary across states in the multiplier used, the method for calculating…

Teacher benefits, once a sleepy question primarily of interest to actuaries, have become a flash point in the education debate. With individual states on the hook for tens or hundreds of millions in unfunded pension and health insurance obligations, state leaders are trying to determine the severity of the situation and the appropriate response.…

A study was conducted in Hawaii to determine the status of elderly persons in regard to employment, as well as attitudes toward employment of the elderly, defined in this study as aged 55 and over. Elderly persons aged 65 and over are the fastest growing segment of Hawaii's population, projected to increase from 73,700 in 1980 to 141,000 in 2000.…

This book describes the operation of state and local government pension systems for teachers, explores the rationale behind current administrative and financial practices, and describes the interaction of special interest groups, pension professionals, and investment personnel with the administration of these systems. The pension systems in 23…

This paper looks at the three employee benefit items that are most costly for employers--retirement programs, Social Security/Medicare contributions, and major medical insurance coverage--to estimate the costs of these benefits in school districts in the 15 states of the Southern Regional Education Board (Alabama, Arkansas, Florida, Georgia,…

This guide is intended for use by state officials as a guide to state policies, practices, and procedures that enhance employment opportunities for older workers. An executive summary highlights the problems--labor shortages and the strain on the retirement system--and a remedy--staying on the job longer. Examples of policies, practices, and…