A Think Twice Review of:
Redefining Teacher Pensions. Strategically Defined Benefits for New Teachers and Fiscal Sustainability for All Teacher Effectiveness from Changing Retirement Benefits Buyer Beware: The Risks to Teacher Effectiveness from Changing Retirement Benefits
Think Twice - Nov 22, 2011
Publisher/Think Tank - Center for American Progress
These two reports consider the potential costs and benefits of eliminating traditional defined benefit pension plans for teachers and replacing them with cash-balance plans.
Reviewer(s) - Teresa Ghilarducci, New School for Social Research, Schwartz Center for Economic Policy Analysis
Ghilarducci concludes that the two reports are important contributions to the policy debate over pensions, however less for the proposals they set forth and more for the issues they raise.