Tag: local pensions
The brief’s key findings are: Many public sector pension plans have recently cut pension benefits for new hires, thereby reducing compensation. The analysis looks at how such cutbacks could affect the quality of teachers. One proxy for teacher quality is the average SAT score at a teacher’s undergraduate institution. The analysis finds that school districts with higher…
The brief’s key findings are: The funded status for local plans fell from 83 percent in 2006 to 77 percent in 2010, similar to the pattern for state plans. Discounting liabilities at the riskless rate would reduce the funded status to the 50-percent range. Local plans are more expensive than state plans, but they hav…
