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In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
The department supports 2.6 million students, 3,800 public schools and 318,000 full-time staff and more than 180,000 teachers. The department manages the Florida Information Resource Network (FIRN), which provides Internet access to public schools.
The statutory and fiduciary mandate of the State Board of Administration of Florida (SBA) is to invest, manage and safeguard assets of the Florida Retirement System (FRS) Trust Fund as well as the assets of a variety of other funds. The SBA manages 25 different investment funds and trust clients.
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House Bill 5803 eliminates a 3% contribution Michigan public school teachers pay toward retiree health care benefits. It applies to teachers hired before Sept. 4, 2012 who are the only ones ...
The Brevard County school district recorded 212 teacher resignations and retirements over the summer, for example. District officials are looking into the reasons behind the departures, Florida ...