Quantifying and Explaining the Decline in Public-School Teacher Retirement Benefits / Nino Abashidze, Robert L. Clark, Lee A. Craig.

Author
Abashidze, Nino [Browse]
Format
Book
Language
English
Published/​Created
Cambridge, Mass. National Bureau of Economic Research 2022.
Description
1 online resource: illustrations (black and white);

Details

Related name
Series
  • Working Paper Series (National Bureau of Economic Research) no. w30472. [More in this series]
  • NBER working paper series no. w30472
Summary note
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower than that of teachers retiring in the same plan with the provisions that were in place in 2000, implying a lower annual benefit of over $3,000. We examine why state plans that cover only teachers, along with plans in which teachers are not included in Social Security, have made smaller reductions in the generosity of their pension benefits in recent decades.
Notes
September 2022.
Source of description
Print version record
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