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dc.contributor.authorCostrell, Robert M.eng
dc.contributor.authorPodgursky, Michael Johneng
dc.coverage.spatialUnited Stateseng
dc.description.abstractThe ongoing global financial crisis is forcing many employers, from General Motors to local general stores, to take a hard look at the costs of the compensation packages they offer employees. For public school systems, this will entail a consideration of fringe benefit costs, which in recent years have become an increasingly important component of teacher compensation. During the 2005-06 school year, the most recent year for which U.S. Department of Education data are available, the nation's public schools spent $187 billion in salaries and $59 billion in benefits for instructional personnel. Total benefits added about 32 percent to salaries, up from 25 percent in 1999-2000. The increase reflects the well-known rise in health insurance costs, but it also appears to include growing costs of retirement benefits, which have received much less attention.eng
dc.identifier.citationR. Costrell and M. Podgursky (2010) "Teacher Retirement Benefits." Education Next 9 (2) (Spring), 59-63.eng
dc.publisherEducation Nexteng
dc.relation.ispartofEconomics publications (MU)eng
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. College of Arts and Sciences. Department of Economicseng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
dc.source.harvestedMichael Podgursky personal webpageeng
dc.subject.lcshEmployee fringe benefitseng
dc.subject.lcshTeachers -- Pensionseng
dc.subject.lcshPublic schoolseng
dc.titleTeacher Retirement Benefitseng

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