A new teacher’s pension is supposed to be a perk. The truth is that for the majority of the nation’s new teachers, what they can anticipate in retirement benefits will be worth less than what they contributed to the system while they were in the classroom, even if they stay for decades.
(No) Money in the Bank: Which Retirement Systems Penalize New Teachers? calculates and documents that unfair reality. We ask:
How long must a new teacher remain in the same retirement system until her benefit is finally worth more than her contributions?
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