You are here
Robert Costrell, Michael Podgursky
The authors use data from the US Department of Labor to track the difference between employer contributions to teacher pensions versus those in the private sector. Teacher retirement benefits are costlier than private retirement packages in the private sector: about 14% of earnings for teachers and 10% for a selection of private sector professionals.
Teacher benefits are protected by law in most states, so even if a policy is passed to reduce the future benefits for new hires, there will not be a reduction in cost in the near future.
Find Similar Education Research
Find Similar Social Welfare Research