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Direct linkDillon Fuchsman; Josh McGee; Gema Zamarro – Society for Research on Educational Effectiveness, 2021
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…
Descriptors: Teacher Retirement, Retirement Benefits, Educational Finance, Teaching Conditions
