IMPACT OF AN AGING POPULATION ON
EDUCATION
Challenges• Strain on Social Security, Medicare, and
Medicaid will exist.• Promotion of cross-generational
communication is a must. • Replacement of educator retirees, as
there will be an experience drain.• Creation of more industries to serve
older citizens.• Expansion of educational needs for
older citizens who look for later-in-life careers.
Conflict Theorists say:• More elderly populations suggest a
decrease in support for education spending; thus, passing school levies will be more difficult.
• More elderly populations will demand services for older citizens, while younger populations will appeal for funding to support children’s education; therefore, a competition for community services.
• Elderly populations will have more political clout, so the balance of issues will tip in their favor.
Ohio Retirement Changes
• Teachers and administrators pay an additional 1% of their salaries, bringing their contribution to 11% with an increase to 14% in three years. Many teachers who retire won't get annual cost-of-living adjustments until much later than previous retirees.
• Benefits based on the five highest years of earnings instead of three.
• Higher payouts for working 35 years eliminated.
• An increase in the age and years of service required for full benefits changed.