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Research conducted to determine benefits of educators' retirement plans |
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 There is currently a study being conducted at the University of Missouri to determine how the new changes to the education system, which includes lack of funding, will effect teachers' retirement benefits. "The simple fact is that educator pay and retirement benefits are the chief expenditures of school districts nationwide," said one of the authors, Michael Podgursky. "No one has done the type of analysis we've done on pension benefits, and until we re-examine these policies, our school districts will face increasingly severe fiscal challenges." The report finds that the benefits are a draw for many people who are looking to get into a career in teaching. The plans are defined-benefit pensions, which guarantee a specific monthly payment. However, it was noted that the plans are designed to draw workers in and then push them to an early retirement, which could be a good thing during reform. |
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