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Download full textJohnson, Richard W.; Butrica, Barbara A.; Haaga, Owen; Southgate, Benjamin G. – Urban Institute, 2014
In 2011 Rhode Island replaced the stand-alone defined benefit pension plan it provided to state employees with a hybrid plan that reduced the defined benefit component and added a 401(k)-type, defined contribution component. Although controversial, the new hybrid plan will boost retirement incomes for most of the states public school teachers. Our…
Descriptors: Retirement Benefits, Teacher Retirement, Role, Employees
Direct linkFitzpatrick, Maria D. – W. E. Upjohn Institute for Employment Research, 2015
In this paper, I document evidence that intergovernmental incentives inherent in public sector defined benefit pension systems distort the amount and timing of income for public school teachers. This intergovernmental incentive stems from the fact that, in many states, local school districts are responsible for setting the compensation that…
Descriptors: Teacher Salaries, Retirement Benefits, Incentives, Public Schools
