November 2016

Glass ceilings aren't limited to the workplace, unfortunately. Because most states offer teacher retirement benefits based on their salary, states are extending the gender wage gap into retirement.
Teacher pensions have evolved somewhat over time, but they’ve never escaped their original intent. Today, pensions provide financial security for those teachers that stay in the profession, but they also quietly push out veteran teachers. Maria Fitzpatrick suggests those incentive structures may be having an impact on women's retirement rates.