When we look at the effect of retirement, it would seem a significant factor would be the age of eligibility.
I don't know what the average age at retirement is for private workers, but given Social Security doesn't generally become available until 65 - and IRA withdrawals 59 1/2 - I suspect that number is somewhere close to that.
Meanwhile, at least here in CA, teachers can retire with full benefits after a 30 year career, generally at 55.
I would suspect the average retirement age of a teacher is therefore lower than a private employee, which would mean retirement may play a more significant part in turnover in teaching, but that's just a guess....
Yep, that's right. Teachers tend to retire a year or two earlier than other occupations, and they also tend to live longer in retirement. Both of those are related to gender dynamics, income, and DB pension plans, which nudge people to retire earlier and provide steady benefits until death.
Surprised that it's only "a year or two" in general. Perhaps here in CA we're unique in the ability for teachers to retire in their 50's. Or perhaps private employees don't wait as long to retire as we think. I would have guessed teachers retire at least five years earlier than private workers, perhaps more.
I'm pretty involved in my local district and don't know a single teacher who appears over 60 but still working (I know several well enough to know they retired before that), meanwhile I know plenty of private workers holding off until they qualify for full social security to bail out. But of course "what I see in my circle" may have little or no bearing on what is actually happening in the wider world...
When we look at the effect of retirement, it would seem a significant factor would be the age of eligibility.
I don't know what the average age at retirement is for private workers, but given Social Security doesn't generally become available until 65 - and IRA withdrawals 59 1/2 - I suspect that number is somewhere close to that.
Meanwhile, at least here in CA, teachers can retire with full benefits after a 30 year career, generally at 55.
I would suspect the average retirement age of a teacher is therefore lower than a private employee, which would mean retirement may play a more significant part in turnover in teaching, but that's just a guess....
Yep, that's right. Teachers tend to retire a year or two earlier than other occupations, and they also tend to live longer in retirement. Both of those are related to gender dynamics, income, and DB pension plans, which nudge people to retire earlier and provide steady benefits until death.
Surprised that it's only "a year or two" in general. Perhaps here in CA we're unique in the ability for teachers to retire in their 50's. Or perhaps private employees don't wait as long to retire as we think. I would have guessed teachers retire at least five years earlier than private workers, perhaps more.
I'm pretty involved in my local district and don't know a single teacher who appears over 60 but still working (I know several well enough to know they retired before that), meanwhile I know plenty of private workers holding off until they qualify for full social security to bail out. But of course "what I see in my circle" may have little or no bearing on what is actually happening in the wider world...
I’ll be 43 this school year. Good to be median!
Better than being mean!
Although my favorite is ala mode....
hehehe