Pensions improve the quality of California’s public education system and reduce turnover costs, according to a report issued by the National Institute on Retirement Security.

The report—“Three Rs of Teacher Pension Plans: Recruitment, Retention, and Retirement”—found that the average California State Teachers’ Retirement System member retiring in 2009-10 retired at age 62, performed 27 years of service, earned a pension that replaces nearly 60 percent of their pre-retirement salary and does not earn Social Security benefits for their service.

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