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Quantifying and explaining the decline in public schoolteacher retirement benefits

Author

Listed:
  • Nino Abashidze
  • Robert L. Clark
  • Lee A. Craig

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.

Suggested Citation

  • Nino Abashidze & Robert L. Clark & Lee A. Craig, 2023. "Quantifying and explaining the decline in public schoolteacher retirement benefits," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 62(4), pages 335-358, October.
    • Handle: RePEc:bla:indres:v:62:y:2023:i:4:p:335-358
    DOI: 10.1111/irel.12329
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    References listed on IDEAS

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