Teacher Pension Workshop

An apple and booklets on a teacher's desk

Franny-Anne/Fotolia

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

This event has passed. If you have questions, contact Cary_Greif@rand.org.
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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

Presenter:

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

Presenters:

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

Presenters:

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

Presenter:

Andrew Biggs, Resident Scholar, American Enterprise Institute


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

Presenter:

Joe Nation, Professor, Public Policy, Stanford University


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

Presenter:

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

Presenters:

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

Presenter:

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


Are Teacher Pensions “Hazardous” for Schools?

Presenter:

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

Presenter:

David Knapp, Economist, RAND Corporation


Pension Enhancements and Teacher Retirement Behavior

Presenters:

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


Pay for Seniority: Does Deferred Compensation Retain Government Employees?

Presenter:

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