Roughly three-quarters of states offer teachers a retirement plan that isn’t making the grade, according to a ranking released Tuesday.
Just 13 states received either a B or a C grade overall in Bellwether Education Partner’s latest look at teacher retirement plans. None received an A.
South Dakota, Tennessee, Washington, Utah and New York scored closest, topping the nonprofit organization’s new ranking . Pennsylvania, Connecticut, Kentucky New Jersey and Illinois rounded out the bottom five states.Most teachers are enrolled in a defined-benefit pension plan, in which teachers contribute a percentage of their salary annually and then are paid a set amount […]
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