• 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.
  • Half of today's new teachers will not stay in a single pension system long enough to qualify for even a minimal pension benefit. Instead, they'll face thousands of dollars in lost compensation in the form of forfeited employer contributions.
  • Due to backloaded pension structures, teachers must work many years before their future benefits exceed the value of their required contributions. In the median state, teachers must serve at least 25 years to receive a pension worth more than their own contributions.