• Pac-Man: Fun. Pension Pac-Man: Not-So-Fun. Like the proverbial Pac-Man, rapidly rising teacher retirement costs are pushing out dollars that could be spent on teacher salaries.
  • By allowing states to avoid offering Social Security coverage, the safe harbor provision provides a false sense of protection and leaves millions of workers without sufficient retirement savings.
  • One out of every four dollars that Illinois taxpayers send to Springfield goes toward pensions. Legislators have already passed cuts to teacher retirement plans and will need to continue funneling revenue to pay off the debt. But what policymakers and others have failed to ask is how well the current pension system is serving its workers, particularly teachers.
  • To help teachers and the general public understand how pensions work, we created a simple, 3-minute video explaining how teacher pension plans work and how they affect millions of public school teachers.

  • In light of the significant underfunding of some state and local retirement plans, this paper discusses the pros and cons of offering all state and local government workers Social Security coverage.