By Marti Zins TRA Representative on Retired Governing Board
Frequently people ask why it is important to maintain a pension plan for teachers and why worry if it is a defined benefit (DB) plan or a defined contribution (DC) plan. Let’s take the issue apart for understanding.
A defined benefit (DB) plan, also called a traditional pension plan, is a pooled retirement plan that offers a predictable monthly benefit in retirement. It provides retirees with an in-come for life, as you cannot outlive your assets. Typically both the employer and employee contribute, often in matching amounts. In
Attacks on public education in America by extremists and culture-war peddling politicians have reached new heights (“lows” may be more apt), but they are not new. The difference today is that the attacks are intended not just to undermine public education but to destroy it.