Download or read book Evaluating Retirement Income Security for Illinois Public School Teachers Public Pension Project Report written by Richard W. Johnson and published by . This book was released on 2014 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial problems afflicting the Illinois teacher pension plan have grabbed headlines. An equally important problem, though underappreciated, is that relatively few teachers benefit much from the plan. This report evaluates the pension benefits provided to Illinois public school teachers. The researchers project annual and lifetime pension benefits for teachers in both tiers of the state's retirement plan, assuming teachers earn average salaries over their careers and separate from state employment at the rates estimated by the plan actuaries. Results show that long-tenured teachers earn substantial pensions. Most teachers, however, do not work long enough to benefit much from the plan, because at least 25 years of service is required for most teachers to receive large pensions. Sixty-six percent of teachers in the more generous, prereform pension plan lose financially by participating in the plan because the pensions they earn are worth less than their required plan contributions. In the plan available to teachers hired in 2011 and later, 84 percent suffer financial losses by participating. Which teachers benefit most from the Illinois pension plan depends on when they are hired and how long they work. Nonetheless, the plan reduces lifetime benefits for most teachers who remain employed after the benefit eligibility age, encouraging them to retire, even if they are still willing and able to teach. Alternative plan designs, such as cash balance plans, that allow teachers to accumulate retirement benefits more gradually over their careers would distribute benefits more fairly and improve retirement incomes for many Illinois public school teachers.
Download or read book Could a Cash Balance Plan Benefit Illinois Public School Teachers written by Richard W. Johnson and published by . This book was released on 2015 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Teachers' Retirement System of the State of Illinois is one of the worst-funded public pensions in the nation. In 2013, it held enough assets to cover only 41 percent of its future obligations (Buck Consultants, 2014). This shortfall has led to several reforms, mostly involving benefit cuts that have undermined retirement income security for Illinois teachers and made it more difficult for Illinois school districts to attract and retain qualified teachers. This brief describes the distribution of pensions provided to Illinois teachers under the current plan, and simulates outcomes under a proposed cash balance plan. The authors' previous report "Evaluating Retirement Income Security for Illinois Public School Teachers" (2014) details methods used for the proposed cash balance plan. Results show that 72 percent of Illinois public school teachers hired before 2011--and 56 percent of those with five or more years of completed service--would fare better in the simulated cash balance plan, even though the cash balance plan would be no more costly to taxpayers than the existing plan. [For "Evaluating Retirement Income Security for Illinois Public School Teachers" (2014), see ED559321.].
Download or read book Pensions for Public School Teachers written by Clyde Bowman Furst and published by . This book was released on 1918 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book In the Name of Liberty written by Mark R. Reiff and published by Cambridge University Press. This book was released on 2020-04-30 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years now, unionization has been under vigorous attack. Membership has been steadily declining, and with it union bargaining power. As a result, unions may soon lose their ability to protect workers from economic and personal abuse, as well as their significance as a political force. In the Name of Liberty responds to this worrying state of affairs by presenting a new argument for unionization, one that derives an argument for universal unionization in both the private and public sector from concepts of liberty that we already accept. In short, In the Name of Liberty reclaims the argument for liberty from the political right, and shows how liberty not only requires the unionization of every workplace as a matter of background justice, but also supports a wide variety of other progressive policies.
Download or read book Report of the Illinois Public Employees Pension Laws Commission written by Illinois Public Employees Pension Laws Commission and published by . This book was released on 1981 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Illinois State Teachers Pension and Retirement Fund written by Illinois. Board of trustees of teachers' pension and retirement fund and published by . This book was released on 1931 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Comprehensive Annual Financial Report for the Teachers Retirement System written by Teachers' Retirement System of the State of Illinois and published by . This book was released on 2005 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Actuary s Report on the Public School Teachers Pension and Retirement Fund Chicago written by Chicago (Ill.). Public School Teachers' Pension and Retirement Fund, Board of Trustees of the and published by . This book was released on 1935 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report of Examination of the Chicago Teachers Pension Fund and of the Compulsory and Voluntary Retirement Fund of the Chicago Board of Education written by Chicago (Ill.). Public School Teachers' Pension and Retirement Fund, Board of Trustees of the and published by . This book was released on 1932 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State and Local Pensions written by Alicia H. Munnell and published by Rowman & Littlefield. This book was released on 2012-08-27 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A few local governments have even filed for bankruptcy, with pensions cited as a major cause. Alicia H. Munnell draws on both her practical experience and her research to provide a broad perspective on the challenge of state and local pensions. She shows that the story is big and complicated and cannot be viewed through a narrow prism such as accounting methods or the role of unions. By examining the diversity of the public plan universe, Munnell debunks the notion that all plans are in trouble. In fact, she finds that while a few plans are basket cases, many are functioning reasonably well. Munnell's analysis concludes that the plans in serious trouble need a major overhaul. But even the relatively healthy plans face three challenges ahead: an excessive concentration of plan assets in equities; the risk that steep benefit cuts for new hires will harm workforce quality; and the constraints plans face in adjusting future benefits for current employees. Here, Munnell proposes solutions that preserve the main strengths of state and local pensions while promoting needed reforms.
Download or read book Compendium of HHS Evaluations and Relevant Other Studies written by HHS Policy Information Center (U.S.) and published by . This book was released on 1990 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bonded Indebtedness Report of the State of Illinois written by and published by . This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Resources in Education written by and published by . This book was released on 1987 with total page 1082 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Illinois Teacher written by and published by . This book was released on 1938 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Program Evaluations written by and published by . This book was released on 1983 with total page 1216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.
Download or read book Legislative Calendar written by United States. Congress. House. Committee on Education and Labor and published by . This book was released on 1992 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
