Employee Benefits Systems & Retirement by Sector
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Education and What Is Retirement Age in the Teachers Retirement Plan
Education needs good employee benefits systems, most especially a solid teachers retirement plan, to improve instructional quality, according to a symposium at Vanderbilt University on Rethinking Teacher Retirement Benefit Systems. The issue is all the more critical because, according to research from the Big Orange ING, teachers have been ignoring retirement financial planning.
The question what is retirement age is in flux within the education sector. First, we have the universities where professorship, as a group, is getting older. The University of Illinois and University of California schools upped their retirement age in 2010.
Meanwhile, in 2010, schools like the University of Tennessee, Washington State, Indiana State, the University of Alberta, and the Pennsylvania state universities resorted to early-out incentives, effectively reducing the question what is retirement age and those schools to a lower number.
Public school employers followed suit in 2010. Leading the way was the Pomona School District in California.
The California Teachers Retirement Plan, CalSTRS, launched creative moves in 2010 by increasing the concentration of real estate in its investment portfolio. Less creative, owing to being caught in a bind with contending parties. Boulder, Colorado, schools had to postpone retirement reform in 2010, while in Winona Grove, Wisconsin, there was such a fuss between the school district and the teachers' union that teachers ceased writing college recommendation letters. Montana schools were also wrestling with competing notions of how to resolve a deficit within its state teachers retirement plan.
Federal Government Benefits
Federal government benefits include the federal retirement system FERS. Its assumptions remain steadfast. In 2010, OPM sought to modify rules for customs and border protection agents, including mandatory retirement of those agents at 57. OPM has also been trying to fix a computer glitch.
The National Guard Pension Retirement Plan, Information about Nurses, EEOC Complaints against Law Firms, and Faith-Based Mutual Funds as a Spiritual Version of the Standard 401k
Two Congressmen, Tom Latham and Dan Boren, have been seeking to change the National Guard pension retirement plan for the benefit of retiring guardspersons.
Meanwhile, webinars and retiree appreciation days are available to Air Force personnel.
Information about nurses on the verge of retirement show another kind of medical crisis in the offing.
The same is true for insurance agents.
Among lawyers, a chief piece of news pertains to the multitude of EEOC complaints against their law firms that insist on a mandatory retirement age.
America's clergy now have the option of investing in faith-based mutual funds, a spiritual version of the standard 401k.
Meanwhile, the average retirement age of business owners will likely increase because of shortfalls in their savings for retirement.
Topic: Retirement by Sector
Education: Introduction Education's Need Older Professors New Retirement Age in Higher Education Developments in University Retirement University of California Schools Pennsylvania State Universities More Early-Outs CalSTRS Monona Grove, Wisconsin Pomona Schools Boulder Schools Montana
Retirement in Other Sectors: Federal Government Military National Guard The Clergy Insurance Agents Lawyers Business Owners
Topic: Retirement by Sector
Education: Introduction Education's Need Older Professors New Retirement Age in Higher Education Developments in University Retirement University of California Schools Pennsylvania State Universities More Early-Outs CalSTRS Monona Grove, Wisconsin Pomona Schools Boulder Schools Montana
Retirement in Other Sectors: Federal Government Military National Guard The Clergy Insurance Agents Lawyers Business Owners
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