Tag Archives: summary

I’m pretty smart for a 5-year-old. But sometimes I wander into a topic that’s just over my head. That doesn’t mean it’s not important, but it’s probably just best if I let the big people talk about it themselves. My friends in the Education Policy Center released a new Issue Paper today, called Deferred Retirement Compensation for Career K-12 Employees: Understanding the Need for Reform (PDF). It was researched and written by Dr. Michael Mannino from the University of Colorado Denver. Rather than try to explain the paper myself, here’s the summary from the Independence Institute website: To improve understanding of public K-12 retirement compensation, this Issue Paper provides historical estimates using a substantial sample of retiree characteristics and salary histories. Deferred retirement compensation from a hybrid defined benefit plan is defined as the difference between an employee’s estimated retirement account balance and the greater pension value she expects to receive. When accounting for K-12 employee compensation, large amounts of deferred compensation should be included. For the 846 Denver Public Schools retirees in the sample, average lump sum deferred compensation is $627,570. Wow, it would take a lot of piggy banks to put that much money in. But I think […]

Over on Jay Greene’s blog, Dr. Greg Forster has a valuable update for those of us who want a handy place to go to answer all those objections to school choice: …the Friedman Foundation has released a set of “myth buster” guides to the research on the six most common school choice myths. For each myth they’ve provided a brief, handy reference sheet and a slightly longer, more detailed guide to the research. Even the detailed version of each myth buster is still less technical than the other lists on my “meta-list” page, compiled by Jay and other scholars, but it does go over the most important technical issues (how do we distinguish the impact of vouchers from the impact of other factors like family influence?) and provides the references you’ll need to dig further if you wish. Mythbusters, eh? I hear there was a movie made a long time before I was born. Seems it had this memorable song. I think we could rewrite some of the lyrics to fit the topic at hand: If you’re stuck at school in your neighborhood Who you gonna call? – Mythbusters! If the unions say school choice is no good Who you […]