• This paper uses data from Missouri to examine the link between teachers’ pension incentives and workforce quality and finds no evidence to suggest that the incentives raise quality.
  • This paper analyzes a 2002 policy change in Florida allowing teachers to choose between a traditional defined benefit pension plan and a 401k-style defined contribution plan. The authors were able to track who chose which plan, what subject they taught, how effective they were in the classroom, how long they remained teaching, and whether the pension plan’s structure had any effect on retention. The paper also estimates how many teachers lose out under the state's defined benefit plan and how much they stand to lose in retirement savings.
  • This paper uses a policy change in California to show that the extreme rewards and penalties built into existing defined benefit teacher pension systems do affect teacher retirement behavior.
  • The Public Fund Survey is an online compendium of key characteristics of most of the nation’s largest public retirement systems. This report focuses on fiscal year 2012. This summary describes changes in selected elements of the survey, including funding levels, membership, contribution rates, investment returns, and investment return assumptions.
  • While private-sector pension costs have been relatively stable over the last decade at around 10.5 percent of salaries, public school pension costs have climbed from 11.9 percent of salaries in March 2004 to 14.6 percent in 2008 to 17.0 percent in 2013. In other words, the gap between public school teachers and private sector professionals and administrators has increased from 1.9 to 6.4 percent of salaries.