'Many Teachers Will Forfeit Pension Wealth, Analysis Concludes'

  

Many of the nation's young public school teachers won't be vested in their defined-benefit pension plans or reach the normal age of retirement before they leave the profession—factors that will cost them thousands of dollars in pension wealth, a new analysis concludes.

The report from Bellwether Education Partners, a Washington-based consulting group, contends that states' current defined-benefit pension policies, which pay out according to a fixed formula, are not well aligned with a profession that has grown rapidly younger and more mobile. And that could put teachers at serious financial risk later on in their lives.

Many Teachers Will Forfeit Pension Wealth, Analysis Concludes - Teacher Beat - Education Week




Related articles:




Teacher-Pension Costs Could Put Squeeze on More Districts




Pensions Blamed for Costing Schools New Talent




Teacher-Pension Systems Flagged as Cause for Alarm




Structure of Pension Plans May Warp Teacher Market, Research Says