Resources

  • A new analysis of West Virginia's teacher pension reform reveals the state's missteps and offers critical lessons for other states looking to address their teacher pension problems.
  • How do teacher pension plans work? Read this deck to get answers to your questions.
  • Do teacher pension plans provide their members an "adequate" retirement benefit? This paper finds that the typical teacher pension plan leaves 80 percent of new, young teachers with inadequate benefits. In contrast, cost-neutral alternative plan designs could do a better job of providing all teachers with adequate retirement savings.
  • From Fiscal Year 2016 to FY 17, the aggregate funding ratio of large state and local public pension plans dipped to 71.9 percent.
  • In our new report, “Benefits Take Larger Bite out of District K-12 Budgets,” we analyzed U.S. Department of Education district finance data from 2005 to 2014. In particular, we looked at overall elementary and secondary education spending and instructional spending, as well as the corresponding benefit spending. The results are alarming. Districts spending on benefits is growing at a much faster rate than their overall education spending. As a result, fewer dollars are making it into the classroom.