Peter Reichard: When considering teacher compensation, don´t forget the retirement benefits
(WorldNews Sport)

It has been said that John F. Kennedy´s 1961 inaugural address inspired a generation to consider public service. But for those going into public service today, Kennedy´s words might be rephrased: `Ask not what your country can do for you, ask what you can do for your country - and be sure to ask about the pension benefits.` That`s because, in the decades since Kennedy, the public and private sectors in the U.S. have taken separate paths when it comes to retirement benefits. Most public sector employees enjoy defined benefit plans - retirement packages that provide a guaranteed benefit at retirement. This model has fallen by the wayside in the private sector due to the risks and costs such an...