Public educators receive a generous deal in their defined benefit pension packages, but exactly how much more are they getting than through a conservative investment of the contributions into their retirement account? In Denver Public Schools, the average “lump sum deferred compensation” value is more than $600,000! Listen to Dr. Michael Mannino from the University of Colorado Denver explain this figure and the other findings of his new Independence Institute report, Deferred Retirement Compensation for Career K-12 Employees: Understanding the Need for Reform.
