The California State Teachers' Retirement System (CalSTRS) is in the midst of phasing in substantial increases in the contributions made by teachers, school districts, and the state of California. The phase-in period began in 2014-15. In the year prior, 2013-14, the total statutory contribution rate to CalSTRS from all parties was 18.3 percent of…

Nearly half of U.S. schools are facing COVID-related staff shortages that threaten the efforts to shape programming and invest in resources to solve students' unfinished learning. Without enough teachers and support staff, students won't receive rigorous instruction, won't have access to targeted intensive tutoring to address their unfinished…

During the late 1990s public pension funds across the United States accrued large actuarial surpluses. The seemingly flush conditions of the pension funds led legislators in most states to substantially improve retirement benefits for public workers, including teachers. In this study we examine the benefit enhancements to the teacher pension…

Traditional defined benefit (DB) pension systems in many states face large funding shortfalls. Movement toward defined contribution (DC) pension structures may reduce the likelihood of future shortfalls, but there is concern that such reforms may have the undesirable effect of increasing employee turnover. In studying patterns of employee turnover…

Illinois' pension plans have sent the state on a downward spiral. One out of every four dollars that state taxpayers send to Springfield goes toward pensions, and the vast majority of these contributions go toward paying down large pension debt, not the actual retirement benefits given to state and local workers like teachers. The teacher pension…

This article examines the particular personality traits associated with effective, active and former educational leaders, using a sample set of Myers-Briggs personality types of educational leaders from the Southeastern and Midwestern areas of the United States who attended a conference on Educational Leadership in the fall of 2017 (N=19). It was…

Employability skills are important for employment access, success, and excellence, regardless of disability status. Importantly, employability skills are essential to the employment success of individuals with intellectual disabilities. Unfortunately, there are differences between the employability skills valued by employers, and the employability…

Using a qualitative, multiple case study research approach, the personal stories of eight K-12 educators who retired within the past six years were gathered and analyzed. The goal of the study was to understand how educators struggle, or do not struggle, with the life changing event of bringing closure to a career after spending decades in the…

Rising costs of public employee pension plans are a source of fiscal stress in many cities and states and have led to calls for reform. To assess the economic consequences of plan changes it is important to have reliable statistical models of employee retirement behavior. The authors estimate a structural model of teacher retirement using…

The Teachers' Retirement System of the State of Illinois is one of the worst-funded public pensions in the nation. In 2013, it held enough assets to cover only 41 percent of its future obligations (Buck Consultants, 2014). This shortfall has led to several reforms, mostly involving benefit cuts that have undermined retirement income security for…

Leaders across the state of Minnesota and nation proclaim to want to diversify the educator workforce. However, the reality nationwide is that less than 20% of teachers who teach a student population that is at least 51% students of color are teachers of color (Ingersoll et al., 2018). What follows are a number of research briefs organized around…

The overwhelming majority of current faculty retirement research focuses on how institutions manage the economic implications of retirement, particularly retirement benefits and the financial costs to the institution. There has been little scholarship to date exploring the topic of retirement from the individual retiree's perspective. Recently…

Several studies have argued that teacher pensions are a raw deal for most teachers and should be replaced with account-style plans. This report examines research that most teachers working today are building a secure retirement. According to the author, the myth that most teachers get a raw deal while a lucky few receive generous pensions is based…

On January 10, 2019, Governor Newsom released his Budget Proposal for the 2019-2020 fiscal year, which includes around $60 billion in state funds for K-12 schools. The budget bill and implementation bills will be deliberated and modified in each house in the upcoming months after which they are expected to incorporate significant revisions that…

On February 24, 2017, all of the authors of the state-of-the-state manuscripts published in the "Journal of Education Finance" met in Cincinnati, Ohio, to participate in a roundtable discussion focused on recent legislative actions in 38 states. A majority of those papers were revised to reflect a final report on legislative actions…