A Viable Pensions Alternative: Cash-Balance Plans?
Chad Aldeman of Education Sector and Andy Rotherham of Bellwether Education Partners have put out an interesting primer on reforms to teacher-pension plans, many of which are seriously in the red right now.
EdWeek reporters have covered some of the same issues in the past. Defined-benefit pension plans, as my colleague Michele McNeil reported, can warp the teacher workforce, potentially pushing out great teachers before they're ready to retire and keeping less-effective teachers in the workforce.
And as I reported last year in a companion story, defined-benefit pensions also tend to disfavor certain teachers:
EdWeek reporters have covered some of the same issues in the past. Defined-benefit pension plans, as my colleague Michele McNeil reported, can warp the teacher workforce, potentially pushing out great teachers before they're ready to retire and keeping less-effective teachers in the workforce.
And as I reported last year in a companion story, defined-benefit pensions also tend to disfavor certain teachers: