Most teachers have tenure protections that constrain dismissal. Some argue that tenure improves recruitment and retention by mitigating the risk of monopsony employment and substituting job security for lower salaries. Others argue that tenure reduces performance incentives making it difficult to dismiss ineffective teachers. We examine…

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…