EdStat: 93 Percent of Charters Opting Out of State Pension Plans Offer an Alternative

When charter schools opt out of state retirement plans, they usually offer their teachers an alternative. Around 68 percent of charters offer a 401(k) and 25 percent offer a 403(b) plan. In states like California and Louisiana, charter teachers not in the state pension plan also receive Social Security coverage. Because current teacher pension plans are neither improving the workforce nor providing teachers with adequate retirement savings, charters are poised to lead by example and share new retirement solutions with the broader public-school community.

—Education Next

Last Updated


Notify Me When Education Next

Posts a Big Story

Business + Editorial Office

Program on Education Policy and Governance
Harvard Kennedy School
79 JFK Street, Cambridge, MA 02138
Phone (617) 496-5488
Fax (617) 496-4428
Email Education_Next@hks.harvard.edu

For subscription service to the printed journal
Phone (617) 496-5488
Email subscriptions@educationnext.org

Copyright © 2024 President & Fellows of Harvard College