Is Missouri’s teacher pension system unfair?

Source: Show-Me Institute
by James V Shuls, Ph.D.

“Teachers who participate in Missouri’s Pubic School Retirement System (PSRS) throughout a lengthy career will end up with fairly generous retirement benefits. And while it’s good to know that long service at a demanding job is rewarded, we need to remember that not everyone who embarks on a teaching career will stay at the job for decades. For teachers who leave the profession after 5 or even 15 years, it’s worth asking how the benefits they receive match up with the amount they contribute to the system during their time on the job.” [summary — full paper available as PDF download] (08/09/17)