Teacher Pension Workshop

An apple and booklets on a teacher's desk


Theme: Connecting Evidence-Based Research to Pension Reform
Date: March 8–9, 2018
Location: RAND Corporation
The Forum (Room 1226)
1776 Main Street
Santa Monica, CA

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Event Overview and Resources

Thursday, March 8, 2018

Session 1: Aspects of the Political Economy of Pensions

The Political Economy of Public Pension Reform


Gary Wagner, Vice President and Senior Regional Officer, Federal Reserve Bank of Cleveland

Investment Risk and Its Potential Consequences for Teacher Retirement Systems and School Districts


Don Boyd, Former Director of Fiscal Studies, The Nelson A. Rockefeller Institute of Government
Yimeng Yin, Programmer and Research Analyst, The Nelson A. Rockefeller Institute of Government

Reforming the U.S. Military Retirement System


Michael Mattock, Senior Economist, RAND Corporation
Beth Asch, Senior Economist, RAND Corporation

Discussants: Darleen Opfer (Chair), Director, RAND Education, RAND Corporation; and Peter Constant, Executive Director, Retirement Security Initiative

Keynote Speaker: Gerry Parsky, Chairman, Aurora Capital Group; Former Chairman, University of California Board of Regents; Former Chairman, The Public Employee Post-Employment Benefits Commission

Friday, March 9, 2018

Session 2: Underfunding and Cross-subsidization

Reconciling Two Strands of Teacher Pension Analysis


Andrew Biggs, Resident Scholar, American Enterprise Institute

Pension Math: Public Pension Spending and Service Crowd Out in California, 2003-2030


Joe Nation, Professor, Public Policy, Stanford University

Cross-Subsidization of Teacher Pension Costs: The Impact of the Discount Rate


Bob Costrell, Professor, Education Reform and Economics, University of Arkansas

Discussants: Jim Hosek (Chair) Senior Economist, RAND Corporation; and Ralph Martire, Executive Director, Center for Tax and Budget Accountability

Session 3: The Effect of Backloaded Pensions on Retention and Quality

How Much Do Teachers Value Deferred Compensation? Evidence from Defined Contribution Rate Choices


Dan Goldhaber, Director, National Center for Analysis of Longitudinal Data in Education Research (CALDER) and Vice-President, American Institutes of Research (AIR)
Kris Holden, Researcher, CALDER and AIR

Rethinking the Structure of Teacher Retirement Benefits: Analyzing Teacher Preferences and the Effect on Teacher Quality


Josh McGee, Executive Vice President, Results-Driven Government, Laura and John Arnold Foundation

Are Teacher Pensions “Hazardous” for Schools?


Patten Mahler, Assistant Professor, Economics, Centre College

Discussants: Alan Gustman (Chair), Loren M. Berry Professor of Economics, Dartmouth College; and Kristine Brown, Adjunct Economist, RAND Corporation

Session 4: Changing the Incentives of Pensions

Incentivizing Retirement: An Analysis of Cash Retirement Incentives for Chicago Teachers


David Knapp, Economist, RAND Corporation

Pension Enhancements and Teacher Retirement Behavior


Michael Podgursky, Professor, Economics, University of Missouri
Shawn Ni, Professor, Economics, University of Missouri

Pay for Seniority: Does Deferred Compensation Retain Government Employees?


Laura Quinby, Research Economist, Center for Retirement Research, Boston College

Discussants: Leonard Gilroy (Chair), Senior Managing Director, Pension Integrity Project, Reason Foundation; and Chad Aldeman, Principal, Bellwether Education Partners

Session 5: Wrap-Up and Panel Discussion on the Future Direction of Teacher Retirement and Pension Research

Discussants: Michael Podgursky (Chair), Professor, Economics, University of Missouri; Kristine Brown, Adjunct Economist, RAND Corporation; and Dan Goldhaber, Director, CALDER and Vice-President, AIR