Poorly structured policies implemented over the past few decades by states and cities are threatening retirement security for public school teachers, according to a new report published by Bellwether Education Partners.

In "Friends without Benefits: How States Systematically Shortchange Teachers' Retirement and Threaten Their Retirement Security," authors Chad Aldeman and Andrew J. Rotherham estimate that half of all Americans who teach in public schools won't qualify for even a minimal pension benefit, and less than one in five will remain long enough to earn a normal retirement benefit.

The report found that in Maine, 86.1 percent of teachers will not qualify for a pension, and in the District of Columbia four out of five beginning teachers will not. Only about 25 percent of teachers will qualify in Mississippi, Pennsylvania, New Hampshire, and Hawaii, while fewer than 35 percent of teachers will stay long enough to qualify for a pension in Florida, Nebraska, Indiana, South Carolina, New Mexico, Ohio, Georgia, and North Carolina.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.