Behind the Headline: Why Teacher Pensions Don’t Work

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Why Teacher Pensions Don’t Work
The Wall Street Journal | 1/10/11

Behind the Headline
Golden Handcuffs
Education Next | Winter 2010

In the Wall Street Journal, Joel Klein argues that the structure of traditional pensions discourages talented young people from becoming teachers. The Winter 2010 issue of Ed Next included a study by Bob Costrell and Mike Podgursky that showed how teacher pensions concentrate benefits on teachers who spend their entire careers in a single state, penalizing younger teachers, who change jobs and move more often than did previous generations.

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