Rising costs of public employee pension plans are a source of fiscal stress in many cities and states and have led to calls for reform. To assess the economic consequences of plan changes it is important to have reliable statistical models of employee retirement behavior. The authors estimate a structural model of teacher retirement using…

The Teachers' Retirement System of the State of Illinois is one of the worst-funded public pensions in the nation. In 2013, it held enough assets to cover only 41 percent of its future obligations (Buck Consultants, 2014). This shortfall has led to several reforms, mostly involving benefit cuts that have undermined retirement income security for…

How are California districts handling deepening teacher shortages 18 months into the COVID-19 pandemic? Following up on a March 2021 study, "California Teachers and COVID-19: How the Pandemic Is Impacting the Teacher Workforce" (ED614374), this report describes the severe shortages many districts are experiencing and the strategies some…

Teachers shortage is one of the major concerns in the public schools of Bhutan and the impact on academic achievement is very much overwhelming. The data collected within the period of five years (2015-2019) shows the increase in attrition rate by 3.98% which is a concern for the education sector of Bhutan. Yearly the voluntary resignation of the…

This study is a pioneer study examining the significance of retirement in terms of lost investments and outcomes. Research findings on the output of academic faculty and on measures of excellence in higher education indicate that upon retirement the academic institution as an organization loses not only faculty who are still capable of…

Background/Context: High teacher turnover has directed a great deal of scholarly attention toward the connection between teacher retention and teacher working conditions. Prior work has identified a set of key working conditions associated with teacher retention, including supportive school leadership, school safety, a collaborative professional…

Principal turnover continues to be a problem in schools today, and urban schools experience principal turnover at the highest rate. There has been an abundance of research on turnover of school principals, yet minimal research on retention of urban school principals. This qualitative study used semi-structured interviews with retired urban school…

During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine the benefit enhancements to the teacher pension…

Retirement is considered an event that requires individual readjustment, so it can affect the psychological wellbeing of the elderly, especially for women. Better self-esteem can encourage individuals to respect themselves more, however, leading in turn to improvements in the dimension of psychological wellbeing. The aim of this study is to…

Considering Black women's historic contributions and enduring legacy in education, their continual disproportionate underrepresentation in US public schools is severely problematic. The absence of Black women in many public schools nationally is disconcerting given their potential to improve school outcomes for students of Color. Despite this…

Public awareness of demographic change is necessary to guide individual and national planning for retirement. For the first time in American history, older adults are forecast to soon outnumber children. Accordingly, expectations for retirement should be considered in a larger than personal context, a broad perspective that implicates relatives,…

Faculty working well beyond retirement age has become an issue in higher education that includes increased expenditures in benefits and salaries, hindrance of hiring minorities and women, and teaching effectiveness. The effects of aging faculty contribute to the factors in student retention. A few factors in student success involve affordability,…

Purpose: The purpose of this paper is to examine the influence of financial factors on motivating college students to consider teaching in hard-to-staff rural schools. The role of perceived respectability of the profession was also explored. Design/methodology/approach: This work relies on an explanatory sequential mixed-method design, that…

This article summarizes the Governor Budget proposals in the New England region. Governor Ned Lamont of Connecticut proposed restructuring, refinancing the systems' payments and slowing the rate of increase in the teachers' pension fund and the state employee pension fund, both of which are underfunded. Lamont also announced that for the first…

Public pension systems in many U.S. states face large funding shortfalls. Movement toward defined contribution (DC) pension structures may reduce the likelihood of future shortfalls. We address some limitations of the existing literature by studying public-sector employees who are enrolled in either a defined benefit (DB) plan or hybrid DB-DC…