Education Next – Mike Petrilli
“ Seniority rights are a big deal right now because older teachers have a lot to lose: higher salaries that they’ve reached after a lifetime of anemic ones; and significant pension wealth if they make it to retirement. If we compressed the salary schedule and moved to a cash-balance pension system, we could eliminate these perverse dynamics. And we’d make teaching a lot more attractive to young people, to boot.”(more)