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December 02, 2009
January 28, 2011
February 02, 2011
Teacher pension systems around the country are falling into crisis due to poor investment returns, unfunded increases in benefits, and poor governance and management. The PIE Network just made thirteen great policy briefs available on how to advance education reform in the "new normal" of fiscal crisis in America's schools, and among them is a paper I wrote on the teacher retirement crisis.
I commend the full paper to your attention, but here are the key takeaways:
My colleague Raegen Miller at the Center for American Progress also released a paper on this subject recently that is well worth reading.
Pensions can be a very technical subject, but they're also soaking up growing chunks of school funding. It's an issue that deserves greater attention from the wider education policy community.
? Chris Tessone