Tag: Pension Cuts
Abstract This study examines whether pension cuts affecting current public employees encourage mid-career teachers and civil servants to separate from their employers. The analysis takes advantage of a 2005 reform to the Employees’ Retirement System of Rhode Island (ERSRI) that dramatically reduced the generosity of benefits for current workers. Importantly, the cuts applied only to…
Teachers are the most valuable members of society. They educate our children and help them grow up. Children probably spend more time with their teachers than with their parents. Teachers should be paid properly and treated with great respect. Instead, we seem to be doing everything to undermine their financial security and to humiliate them. …