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Teacher Pensions

By Elizabeth Cryan Photography with permission from Donnell-Kay Foundation at Rocky Mountain Prep school

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The vast majority of our nation’s 3.3 million public school teachers participate in a traditional pension plan managed by their state or local government. Unfortunately, the design of those plans leaves too many teachers with inadequate benefits. Over half of today’s new teachers will not stay in a single pension system long enough to qualify for a minimum pension when they retire. Making matters worse, 40 percent of public school teachers lack Social Security coverage.

In contrast to most of the public debate on pensions, which centers on funding issues, our work focuses on analyzing how well current plans serve the teacher workforce. We also encourage policymakers to think strategically about pensions as part of teachers’ overall compensation package, and provide data and analysis to help them do so. Through our affiliated website Teacherpensions.org, we provide high-quality analysis and commentary to help stakeholders understand the teacher pension issue and the trade-offs among various options for reform. Our work makes the issues more accessible and relevant to the general public, more compelling to policymakers, and more understandable for current teachers.

The content below reflects our work on this issue:

 

Publications

October 12, 2017
Chad Aldeman and Paulina S. Diaz Aguirre
Years of irresponsible budgeting practices have left the Teachers’ Retirement System of Louisiana (TRSL) almost $12 billion in debt. Without...
August 23, 2017
Max Marchitello
What effect does teacher pension spending have on school funding equity? In Bellwether's new report, “Illinois’ Teacher Pension Plans Deepen School...
June 25, 2017
The 74 Million -- The bill would benefit all existing retirees, all current teachers, and the vast majority of future teachers. And yet unions are...
January 23, 2017
Education Post -- Do dues-paying teachers realize that their pension funds may be invested with private equity firms that destroy unions as they buy...
September 12, 2016
The 74 Million -- Both teachers and NFL players are among the very few careers that offer a pension for retirement. The problem is that the pension...

Resources

Blog Posts

March 8, 2017
Kirsten Schmitz
From Randi Weingarten to Betsy DeVos, to Michelle Rhee and Kaya Henderson, some of the biggest names in education policy on both sides of...
January 27, 2017
Chad Aldeman
This post originally appeared on our sister site, TeacherPensions.org. Should public charter schools be allowed to opt out of state-run...
September 16, 2015
Chad Aldeman
In two new briefs out today, I attempt to tackle the notion that a defined benefit “pension” is automatically a good retirement plan for...