• 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.
  • There a number of myths surrounding public pensions and defined contribution plans. In this report, Josh McGee uses empirical evidence to debunk common claims around the supposed structural efficiencies of traditional public pensions.   
    What are common claims about traditional defined benefit plans (DB) versus defined contribution plans (DC)? Critics often claim that DB plans achieve better investment returns at lower fees and are better for worker retirement security because DB plans offer annuities.