An Introduction to Teacher Retirement Benefits

Autor/in	Hansen, Janet S.
Titel	An Introduction to Teacher Retirement Benefits
Quelle	In: Education Finance and Policy, 5 (2010) 4, S.402-437 (36 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	Weitere Informationen
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1557-3060
DOI	10.1162/EDFP_a_00012
Schlagwörter	Teacher Salaries; Private Sector; Teacher Retirement; Teacher Shortage; Retirement Benefits; Local Government; Faculty Mobility; Legal Responsibility; Economic Factors + Suchen Sie Ihr Suchwort? Lehrerbesoldung; Lehrervergütung; Privater Sektor; Lehrermangel; Retirement pay; Ruhegehalt; Gemeindeverwaltung; Strafmündigkeit; Ökonomischer Faktor
Abstract	Like most other state and local government employees, teachers participate primarily in defined benefit pension plans whose benefits are largely based on final average salaries and length of service. Such pensions have been replaced in many private sector firms by defined contribution pensions. A number of questions have arisen about the feasibility and desirability of continuing to rely on defined benefit pensions for teachers. This article provides a brief history of teacher pensions and an overview of teacher retirement benefits today, including differences in the legal and economic context for public and private sector pensions that are important considerations in plan design. It then introduces issues related to financial sustainability, teacher mobility, and teacher shortages. The article concludes with an overview of key differences between traditional defined benefit and defined contribution plans and raises the possibility of adopting a "hybrid" kind of plan that includes features from both kinds of traditional plans. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10