How are teacher pension benefits funded? Under traditional plans, the full cost of career teachers' benefits far exceeds the contributions designated for them. The gap between the two has three pieces, which may (with some license) be mnemonically tagged the three R's of pension funding: "redistribution," "return," and…

How are teacher pension benefits funded? Under traditional plans, the full cost of a career teacher's benefits far exceeds the contributions designated for them. The gap between the two has three pieces, which may (with some license) be mnemonically tagged the three R's of pension funding: "Redistribution, Return, and Risk." First, some…

In the past few years, dozens of states, localities, and schools have proposed or enacted "free college" policies, also known as College Promise programs. While a handful of states have run Promise-like programs for decades, the 2014 launch of the Tennessee Promise and the Obama administration's focus on the concept catalyzed several…

This report describes the establishment and delivery of Illinois career and technical education (CTE), the existing condition of Illinois CTE based on fiscal year 2021 data, and the future developments and recommendations for CTE in the state as required by Illinois School Code 105 ILCS 435/2e. Illinois CTE focuses on providing equitable…

Community colleges across the country are plagued with tight budgets--caused in part by state disinvestment and chronic federal underfunding. For rural community colleges, these challenges are even more acute, as their needs are greater and the costs of providing services higher. The COVID-19 pandemic has only deepened the prosperity gap between…