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Direct linkGeier, Brett A. – Journal of Education Finance, 2016
Since 1980, Michigan retirees have been afforded health care benefits for which they were required to pay 10 percent of the premium upon retirement--the remainder was paid for by the state. Recently, the Michigan Legislature reduced the financial obligation of the State for retiree health care benefits, placing it on the individual member. In…
Descriptors: Public Education, Public School Teachers, Teacher Retirement, Legal Problems
Clark, Robert L.; Craig, Lee A. – National Center on Performance Incentives, 2009
We offer a concise history of teacher retirement plans in the United States, highlighting the increase in the generosity of the plans over the past 25 years. We employ data from plans in all fifty states to estimate the impact of a set of social and economic variables on the plans' replacement rates for a hypothetical teacher. We find that, at the…
Descriptors: Teacher Retirement, Public School Teachers, Population Growth, Retirement Benefits
Hess, Frederick M.; Squire, Juliet P. – National Center on Performance Incentives, 2009
The tension at the heart of pension politics is the incentive to address today's claimants and focus on the here-and-now at the expense of long-term concerns and more dispersed constituencies. In the private sector, rules and regulations seek to tame corner-cutting and short-sighted behavior. In the public sector, the primary safeguard is the…
Descriptors: Teacher Effectiveness, Teacher Retirement, Public Officials, Labor Market
