Many teacher pension plans nationwide are not in great shape, but a new study asserts that a few adjustments to teacher-pay plans would let states improve the funding of pensions.
Among the recommended changes is an option to use a teacher's average salary over the course of a career rather than using the teacher's highest annual salary to figure out the annuity.
The pension annuity in teachers' pension plans now often "depends on the highest annual salary, or the highest over a small number of years," according to the Georgetown University study.
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