by Josh McGee, Marcus A. Winters
September 05, 2013
States across the nation have recently turned considerable attention to reforming retirement programs for public school teachers, spurred by the widely recognized need to address the crisis of unfunded liabilities. But there is another compelling reason to consider reforming these systems: They work poorly for many teachers. Jettisoning the current approach to retirement benefits and increasing the amount of teacher compensation that is paid as salary while reducing the amount devoted to retirement benefits would alleviate the problem. Implementing those reforms would allow school districts to raise teacher salaries; give teachers more retirement security than they now have; make teaching a more attractive option for people who are unsure that they will work for decades in the same school district; and offer teachers more control over when they stop working.