Suche

Wo soll gesucht werden?
Erweiterte Literatursuche

Ariadne Pfad:

Inhalt

Literaturnachweis - Detailanzeige

 
Autor/inn/enAldeman, Chad; Randazzo, Anthony
InstitutionBellwether Education Partners; TeacherPensions.org
TitelAre Texas Teacher Retirement Benefits Adequate?
Quelle(2020), (33 Seiten)
PDF als Volltext kostenfreie Datei Verfügbarkeit 
Spracheenglisch
Dokumenttypgedruckt; online; Monographie
SchlagwörterTeacher Retirement; Retirement Benefits; Teacher Employment Benefits; Tenure; Teacher Salaries; Educational Finance; Educational Change; Program Evaluation; Investment; Program Costs; Cost Effectiveness; Texas
AbstractIn "Are Texas Teacher Retirement Benefits Adequate?," authors Chad Aldeman and Anthony Randazzo analyze the Teachers' Retirement System (TRS) of Texas and find it is not serving all of its members well. Most members will leave their teaching service in Texas with inadequate retirement benefits, and the unfunded liabilities the system has accrued over time harm today's teachers and retirees. From the benefit side, only about one-quarter of the educators who join TRS will secure an adequate retirement benefit. Long-serving veterans who put in 20 years or more can earn enough retirement income to live off, but TRS leaves all other members with inadequate savings. And even for those who do secure a larger pension, the income is not consistently adjusted for inflation, leaving retirees with a steadily eroding benefit. This situation is a particular concern in Texas, where the state has chosen not to provide most of its educators with Social Security coverage. The lack of Social Security coverage across its school districts makes it even more important for the state to ensure that all of its public-sector employees receive adequate retirement benefits during their service. From a financial perspective, TRS has accumulated an unfunded liability of $50.6 billion, which eats into state and school district budgets, keeps teacher compensation low, and keeps retirees from receiving cost-of-living adjustments on their pensions. With the national economy in the midst of a recession in the wake of the COVID-19 pandemic, TRS' unfunded liabilities are likely to rise even further in the coming years. The authors recommend that Texas legislators open up a different type of defined benefit retirement plan, called a Guaranteed Return (GR) plan, for teachers and other education employees. Texas county and municipal employees are already covered by GR plans and have been for decades. Adopting a similar model for education employees -- whether on its own or as one of multiple retirement plan options -- would allow Texas to improve the retirement security of educators while also reducing the risk that the state adds to its already large unfunded liabilities. [This report was funded by Equable Institute.] (As Provided).
AnmerkungenBellwether Education Partners. e-mail: contactus@bellwethereducation.org; Web site: http://bellwethereducation.org
Erfasst vonERIC (Education Resources Information Center), Washington, DC
Update2022/1/01
Literaturbeschaffung und Bestandsnachweise in Bibliotheken prüfen
 

Standortunabhängige Dienste
Da keine ISBN zur Verfügung steht, konnte leider kein (weiterer) URL generiert werden.
Bitte rufen Sie die Eingabemaske des Karlsruher Virtuellen Katalogs (KVK) auf
Dort haben Sie die Möglichkeit, in zahlreichen Bibliothekskatalogen selbst zu recherchieren.
Tipps zum Auffinden elektronischer Volltexte im Video-Tutorial

Trefferlisten Einstellungen

Permalink als QR-Code

Permalink als QR-Code

Inhalt auf sozialen Plattformen teilen (nur vorhanden, wenn Javascript eingeschaltet ist)

Teile diese Seite: