Inequities in teacher salaries across districts are exacerbated by teacher pensions. While it is true that teachers with higher salaries pay more into the pension fund, the additional pension wealth they receive far outweighs the greater contributions they made to the fund during their tenure.
In a new report we modeled the wealth accumulation for teachers in West Virginia's pension fund, before and after its reform, as well as the intervening DC plan. We found that all of the plans were poorly constructed from the outset and fail to provide a significant retirement benefit to a majority of West Virginia’s educators
Teachers in the Oakland Unified School District may go on strike soon. While they are primarily concerned with stagnant base salaries and class sizes, teachers in Oakland should also be concerned with rising benefit costs.