Quantifying and explaining the decline in public schoolteacher retirement benefits

Nino Abashidze, Robert L. Clark and Lee A. Craig

Industrial Relations: A Journal of Economy and Society, 2023, vol. 62, issue 4, 335-358

Abstract: We estimate that, between 2000 and 2020, the average initial monthly retirement benefit for teachers retiring with 30 years of service has been reduced by 11.2%, though the decline in benefits varies substantially across the states (the median reduction in the initial benefit was 1.9%). We also find that plans covering only teachers, and plans in which teachers are not in Social Security, have made smaller reductions in the generosity of their pension benefits.

Date: 2023
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https://doi.org/10.1111/irel.12329

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Industrial Relations: A Journal of Economy and Society is currently edited by Christopher (Kitt) Carpenter, Steven Raphael and stevenraphael@berkeley.edu

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