Defined benefit pensions play a critical role in recruiting and retaining highly productive teachers, according to a study by the National Institute on Retirement Security.
Teacher effectiveness increases with experience and teacher productivity increases sharply within the first few years of teaching, the report finds. "The more retention that we see among mid-career teachers, the more that the average teacher productivity within a school will increase," the report says.
The cost of teacher turnover is high both financially and in terms of loss of productivity to the school district. Public school teachers turn over less than private school teachers, largely due to their compensation, including pension benefits, the report finds.
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