A new study analyzing the effectiveness of defined benefit (DB) pensions on teacher retention and productivity finds that pensions play a critical role in recruiting and retaining productive teachers.
- Teacher effectiveness increases with experience. Education policy literature finds that teacher productivity increases sharply within the first few years of teaching. Thus, the more retention that among mid- career teachers, the more that the average teacher productivity within a school will increase.
- The cost of teacher turnover is quite high, both in terms of financial cost and loss of productivity to the school district. Additionally, public school teachers turn over less than private school teachers, largely due to their compensation, including pension benefits.
- Alaska Experiences a Teacher Turnover rate of 7.96% costing the state $7,920,331 annually.
Read More at the National Institute for Retirement Security
Source: Excerpted From: Nirsonline.org 12/5/11
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