This paper studies the pension preferences of Washington State public school teachers by examining two periods of time during which teachers were able to choose between enrolling in a traditional defined benefit plan and a hybrid plan with defined benefit and defined contribution components. Our findings suggest that a large share of teachers are…

Gov. Wolf has indicated his willingness to modify pensions for future Pennsylvania public sector workers by using a variant of the "stacked hybrid" design proposed in 2013 by Pottsville Republican Rep. Mike Tobash. Negotiations of a compromise pension deal, however, remain stalled because Senate leaders remain committed to their own…

This paper discusses the noticeable nervousness of many US-based financial statement issuers in adopting IFRS. For contextual purposes, the paper provides an overview of the FASB/IFRS convergence so far and its probable future. A detailed review of convergence in accounting standards is explained through the respective standards for "Pensions…

During the 1960s, there was extensive hiring of college and university faculty members. This large group of professors are now at or nearing retirement age. Concerns about the economy, the availability of good health insurance, increased life expectancy, and removal of mandatory retirement laws may influence decisions about when to retire.…

If a rational system of teacher compensation, aimed at recruiting and retaining high-quality teachers, were designed from scratch, it is unlikely it would bear any resemblance to the system that is currently in place. In this paper, the author takes a deep look into how the method of paying teachers evolved. He shows that compensation systems have…

This report examines teacher pension plans in Missouri, with a particular focus on the Kansas City and Saint Louis school districts. Missouri is unusual in that public educators are divided among three pension systems: the Kansas City Public School Retirement System (KC), which covers 3 percent of Missouri teachers; the Public School Retirement…

In "Missouri Charter Schools and Teacher Pension Plans: How Well Do Existing Pension Plans Serve Charter and Urban Teachers?" the authors stated that there is no reciprocity between the three Missouri teacher pension plans, based on their understanding that employer contributions could not transfer between plans. That statement is…

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…

This report presents selected findings from the Public School Principal Status Data File of the 2016-17 Principal Follow-up Survey (PFS). The PFS is a nationally representative sample survey of public K-12 schools in the 50 states and District of Columbia and was initiated to inform discussions and decisions regarding principal attrition and…

The "2016 Disability Statistics Annual Report" presents statistics to address the following types of questions: (1) How many people with disabilities live in the United States; (2) What is the percentage of people with disabilities in different age groups; (3) What is the percentage of people with disabilities for different types of…

Challenging the claims of pension boards and other groups about the cost-effectiveness, fairness and flexibility of the traditional defined benefit pension plans still in place in 38 states, this report includes a report card on each of the 50 states and the District of Columbia, with a detailed analysis of state teacher pension policies, and…

Barriers to the cross-state mobility of the teacher workforce can have undesirable effects on the teacher workforce and student outcomes. While a large literature addresses issues related to within-state mobility, very little is known about patterns of cross-state mobility. This paper addresses that research gap. We describe features of Oregon's…

The financial problems afflicting the Illinois teacher pension plan have grabbed headlines. An equally important problem, though underappreciated, is that relatively few teachers benefit much from the plan. This report evaluates the pension benefits provided to Illinois public school teachers. The researchers project annual and lifetime pension…

Teacher compensation is driven largely by teacher longevity. While it's true that wages in many fields generally increase with experience, what differs in teaching is the degree to which pay is linked to seniority. And compared to other professions, teaching has more heavily back-loaded pay -- meaning a disproportionate share of earnings comes…

The 2017-18 AASA Superintendent Salary & Benefits Study marks the sixth edition of this study, employing a revised survey instrument. This survey tracks the demographics, salary, benefits, and other elements of the employment contracts of school superintendents throughout the country. This year's study is based on 1,172 responses…