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Author: David M. Knapp Publisher: Rand Corporation ISBN: 0833094513 Category : Education Languages : en Pages : 0
Book Description
"Recently, many state governments have legislated reductions in teachers' retirement benefits for new and future employees as a means of addressing the large unfunded liabilities of their pension plans. However, there is little existing capacity to predict how these unprecedented pension reforms — and, more broadly, changes to teacher compensation — will affect teacher turnover and teacher experience mix, which, in turn, could affect the cost and efficacy of the public education system. This research develops a modeling capability to begin filling that gap. The authors develop and estimate a stochastic dynamic programming model to analyze the relationship between compensation, including retirement benefits, and retention over the career of Chicago public school teachers. The structural modeling approach used was first developed at RAND for the purpose of studying the relationship between military compensation and the retention of military personnel and is called the dynamic retention model, or DRM. Although the peer-reviewed literature on teachers includes research on retirement benefits and the timing of retirement, the research does not model compensation and retention over the length of the career from entry to exit (into retirement or an alternative career), and it has limited capability to predict the effect of compensation and retirement benefit changes on retention. By comparison, the DRM is well suited to these tasks, and the DRM specification developed here for Chicago teachers fits their career retention profile well"--Back cover.
Author: David M. Knapp Publisher: Rand Corporation ISBN: 0833094513 Category : Education Languages : en Pages : 0
Book Description
"Recently, many state governments have legislated reductions in teachers' retirement benefits for new and future employees as a means of addressing the large unfunded liabilities of their pension plans. However, there is little existing capacity to predict how these unprecedented pension reforms — and, more broadly, changes to teacher compensation — will affect teacher turnover and teacher experience mix, which, in turn, could affect the cost and efficacy of the public education system. This research develops a modeling capability to begin filling that gap. The authors develop and estimate a stochastic dynamic programming model to analyze the relationship between compensation, including retirement benefits, and retention over the career of Chicago public school teachers. The structural modeling approach used was first developed at RAND for the purpose of studying the relationship between military compensation and the retention of military personnel and is called the dynamic retention model, or DRM. Although the peer-reviewed literature on teachers includes research on retirement benefits and the timing of retirement, the research does not model compensation and retention over the length of the career from entry to exit (into retirement or an alternative career), and it has limited capability to predict the effect of compensation and retirement benefit changes on retention. By comparison, the DRM is well suited to these tasks, and the DRM specification developed here for Chicago teachers fits their career retention profile well"--Back cover.
Author: David Knapp Publisher: ISBN: Category : Languages : en Pages : 8
Book Description
RAND researchers developed a dynamic retention model to estimate and analyze the relationship between different retirement benefit policies and retention over the career of Chicago public school teachers.
Author: David Knapp Publisher: ISBN: Category : Languages : en Pages : 50
Book Description
Many school districts have used or are considering the use of voluntary retirement incentives. The intent of these incentives is to decrease the payroll cost of their workforce, decrease retirement fund liability, decrease workforce size without layoffs, or a combination of these outcomes. At the end of the 2017 school year, Chicago Public Schools offered a one-time, unanticipated retirement incentive for the purpose of reducing its cost by shifting from the employment of retirement-eligible to new teachers; the latter group is paid 70 percent of the senior teacher's salary. It offered $1,500 per year of service of non-pensionable income for teachers who agreed to retire immediately. We use a dynamic model of teacher retention behavior to predict the number of teachers willing to accept this voluntary retirement incentive and retire. The model is estimated using individual-level data on entry cohorts of Chicago teachers from 1979-2000, which are the cohorts affected by the retirement incentive. Our model predicts that only 588 of the 2,700 teachers eligible for the benefit will retire. Our research reveals two important dimensions to consider in retirement incentive design. First, a voluntary retirement incentive results in substantial economic rents: payments to individuals who would have retired without the incentive. For Chicago's incentive, this would amount to 73% of payments. Second, if the incentive appeals to individuals closest to indifference between continuing to teach and retiring, those who are incentivized to retire would have likely retired within a few years without the incentive. In the case of Chicago, if they replace all teachers that are incentivized to retire, we find negative cost savings over the next six years. If not all retiring teachers are replaced, the cost savings could be positive.
Author: David Waltz Grissmer Publisher: ISBN: Category : Education and state Languages : en Pages : 18
Book Description
Being in a profession that receives much criticism--much of it undeserved--can significantly affect the morale of teachers and their desire to stay in the profession. Much of the conventional wisdom regarding schools and families is inaccurate. National test scores have increased, not declined, over the past few years, and minorities have made significant gains. Researchers can contribute to teacher retention by "getting the message right" about what has happened in education over the past 20 years and the important contributions teachers have made to the goal of reducing inequality in educational outcomes among poor and lower-achieving youth.
Author: Tyler Harms Publisher: Elm Hill ISBN: 1400327490 Category : Education Languages : en Pages : 198
Book Description
Congratulations! You may have just finished up your student-teaching and landed your first teaching position. You begin to think about your first year with your new students. Student teaching was a great experience, but now you may be searching for answers of how to get started running your own classroom. This practical and inspirational daily guide for teachers was comprised over many years and through interviews of teachers at all grade levels. The collective years of teaching experience interviewed was over 500 years of experience from K-12 educators both in private and public schools across the country! Teaching for God’s Glory is a daily walk with the new teacher to help the new educator plan for their first years of teaching. The first section, Before the School Year Begins, gives practical advice on ways to set up your classroom, communication with parents and students, as well as orienting yourself with your new surroundings. The rest of the year is divided into quarters of the year with applicable and inspiring advice and wisdom that new teachers can use right away in their classrooms. At the end of each school week, there is a place for reflection on what worked well that week, areas for growth, and prayer requests for you or your students. This book makes the perfect gift for those starting their own career in education. Years later, they will be able to look back and reflect on how much they have grown in their craft! Tyler Harms has over a decade of experience serving students and families at the elementary and secondary levels. He graduated from Calvin College with a BA in Education and went on to get two Master’s Degrees in Special Education and Mathematics. Tyler spent many hours interviewing master teachers across the country and reflecting on his own journey as an educator. Teaching for God’s Glory is the book we all wish we had read in college before becoming a teacher. The book gives practical advice and inspiration to those who are in the trenches each day educating our future leaders.
Author: United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Retirement and Employee Benefits Publisher: ISBN: Category : Military post schools, American Languages : en Pages : 54
Author: Frank V. Auriemma Publisher: University of Oregon ERIC Clearinghouse on Educational Management ISBN: Category : Business & Economics Languages : en Pages : 116
Book Description
Nearly a million teachers will reach retirement age in the next 9 to 11 years. This report presents a complete state-by-state overview of the retirement programs available to America's teachers. Chapter 1 presents the issues of teacher aging, retirement, and early retirement and asks how school districts might effectively manage the retirement and replacement of teachers. Chapter 2 surveys retirement plans in the 50 states and provides information on how to calculate a teacher's pension, with relevant data by state. Chapter 3 looks at local and state programs to entice teachers to retire early. Empirical methods are used to assess the effectiveness of various plans. Case studies of early retirement incentive plans in six districts show how these plans work. Based on conclusions drawn from these data, school officials are advised on how to create, implement, and evaluate an early retirement program. Chapter 4 calls for a national task force on teacher retirement and argues that the future of the teacher retirement system depends on resolving six related issues: (1) threatened financial viability; (2) lack of consistency between local and state policies; (3) lack of portability of plans; (4) lack of system flexibility in investment and withdrawal of funds for teachers; (5) lack of control by teachers as individuals and as a group; and (6) lack of equity among teachers in various districts. (21 tables, 48 references) (MLF)
Author: David M. Knapp
Author: David M. Knapp
Author: David Knapp
Author: David Knapp
Author: David Waltz Grissmer
Author: Cory Koedel
Author: Marvin Thomas Shields
Author: Tyler Harms
Author: Clyde Bowman Furst
Author: United States. Congress. House. Committee on Post Office and Civil Service. Subcommittee on Retirement and Employee Benefits
Author: Frank V. Auriemma