An Introduction to Teacher Retirement Benefits. Conference Paper 2009-01 Paper prepared for "Rethinking Teacher Retirement Benefit Systems" (Nashville, TN, Feb 19-20, 2009).

Autor/in	Hansen, Janet
Institution	Vanderbilt University, National Center on Performance Incentives
Titel	An Introduction to Teacher Retirement Benefits. Conference Paper 2009-01 Paper prepared for "Rethinking Teacher Retirement Benefit Systems" (Nashville, TN, Feb 19-20, 2009).
Quelle	(2009), (51 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Private Sector; Teacher Retirement; Government Employees; Teacher Shortage; Retirement Benefits; Public Sector; Faculty Mobility; Educational History; Health Insurance; Legislation; Compensation (Remuneration); Educational Policy; Educational Finance; Financial Policy; Politics of Education; Policy Analysis; Public Policy; Laws; Economics; Teacher Distribution; Public School Teachers + Suchen Sie Ihr Suchwort? Privater Sektor; Lehrermangel; Retirement pay; Ruhegehalt; Öffentlicher Sektor; History of education; Bildungsgeschichte; Krankenversicherung; Gesetzgebungslehre; Abfindung; Kompensation; Lohnausgleich; Politics of education; Bildungspolitik; Bildungsfonds; Fiscal policy; Finanzpolitik; Educational policy; Politikfeldanalyse; Öffentliche Ordnung; Law; Recht; Volkswirtschaftslehre
Abstract	Like most other state and local government employees, teachers participate primarily in defined benefit pension plans whose benefits are 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. These include (1) whether teacher pension plans are adequately financed to fulfill the commitments made to plan participants; (2) whether current pension plans are both fair to short-term and long-term teachers; and (3) whether these plans contribute to teacher shortages by encouraging early retirements and discouraging people from moving to schools where their skills and knowledge are most needed. This paper (1) presents basic information on teacher retirement plans; (2) discusses differences in the legal and economic context for public and private sector pensions that are important considerations in plan design; and (3) introduces issues related to financial sustainability, teacher mobility, and teacher shortages. The paper also provides an overview of key differences between defined benefit and defined contribution plans. It highlights the fact that the boundaries between various types of pensions are porous, and plans can be designed to include a variety of features depending on the objectives being sought. The paper also discusses one form of defined benefit pension, the cash balance plan, that has features normally found in both defined benefit and defined contribution programs. Cash balance plans have replaced some traditional defined benefit plans in private firms but have received almost no attention in the public sector. (Contains 6 tables and 4 figures.) (As Provided).
Anmerkungen	National Center on Performance Incentives. Peabody College of Vanderbilt University, PMB #43, 230 Appleton Place, Nashville, TN 37203. Tel: 615-322-5538; Fax: 615-322-6018; e-mail: ncpi@vanderbilt.edu; Web site: http://www.performanceincentives.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10