Using simple examples, the clip explains how the heavily back-loaded structure of most teacher pensions primarily benefits long-career teachers, at the expense of short- and mid-career ones, and of teachers who do not stick to one state for their whole-career. The clip then shows that alternative retirement structures could bring about more equitable and inclusive distributions of retirement benefits.
Watch the video clip here.
Stay in Touch with Our Pension Experts
Reason Foundation’s Pension Integrity Project has helped policymakers in states like Arizona, Colorado, Michigan, and Montana implement substantive pension reforms. Our monthly newsletter highlights the latest actuarial analysis and policy insights from our team.