Policymakers are beginning to take note of the fiscal problems in teacher retirement systems. States have recently taken action by raising retirement ages, lowering benefit payments, and reducing cost-of-living adjustments. These are small steps toward shoring up the system to help ensure that it remains sustainable in the future.
August 1, 2010
Better Benefits: Reforming Teacher Pensions for a Changing Work Force
By By Chad Aldeman and Andrew J. Rotherham
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