The latest in teacher retirement trends

Teachers are retiring at a faster pace than ever before, according to data from the National Center for Education Statistics. 

The National Center on Teacher Quality (NCTQ) found that teacher retirement is on track to be the highest since 2009, the first year of data available. 

In the past four years, the number of teachers retiring at their current job ranks 11th out of the 20 largest states, with about 11 percent of teachers going on to retire. 

That means that the number retiring each year is about 1.7 million, about half the number going on in the past three years. 

At this rate, the next four years will see 1.8 million teachers retiring, according the NCTQ. 

According to the data, the average teacher will make about $55,000 a year, which means a teacher will earn about $16,000 for every year they are on the job. 

Teachers who have retired at a higher rate tend to have lower salaries, which makes it hard for many teachers to afford to stay on the payroll. 

NCTQuarterly paychecks are set to average $40,972 for 2017, with $38,064 set to be paid in 2022, $34,639 in 2023, $33,741 in 2024 and $33.5 million in 2025. 

These numbers are based on the median wage, which is $46,800 for full-time teachers and $49,800 at the part-time level. 

“This trend is not unique to teachers,” NCTQ director of research and analysis Maryann Hildebrand said. 

For example, in 2014, more than 1 in 10 public school teachers were making less than $30,000 per year. 

Hildebrand explained that in general, teachers are in better shape financially now than they were a few years ago, and that is likely due to a variety of factors. 

First, teachers tend to retire earlier in life, and then the labor market changes. 

Second, there are fewer teachers in higher-paying fields, such as teaching. 

And third, teachers can choose to work fewer hours. 

So, the teacher retirement trend is in keeping with trends over the last decade and a half, Hildebrand said.

“In terms of teachers, the cost of living has increased dramatically, which has increased the amount of time they have to devote to their teaching.

And that means that it’s more of a challenge to keep them on the clock,” she said.NCTQUarterly salary data was released in 2018, and it showed that teachers are expected to make about 1% more than the average for their field in 2022. 

Meanwhile, there were 1,300 more teaching jobs in the state last year, the largest number since 1999, according NCTQ data. 

A large number of these teachers were in low-income areas. 

But Hildeblad said that the biggest increase in the number on the sidelines was in the field of preschool. 

Many teachers are leaving high-paying jobs and going back to teaching in higher education, but that doesn’t mean there isn’t a problem. 

There are many factors that could be affecting teacher retention, but it is important to remember that there are still some teachers who are retiring in the classroom, Hildabrand said, noting that more than 5,000 teachers in Texas will be leaving the classroom by the end of 2019. 

This means that teachers who have been on the force for 20 years or more will have more time to retire in the near future. 

As of 2018, there was about 6,000 vacancies in the Texas public school system. 

Although the numbers aren’t that large, Hilebrand noted that some schools are starting to get understaffed, and there are some issues with teacher preparation and retention. 

More teachers need to be prepared for the changes that are going to occur in the workforce, including the increasing number of students, said NCTQ Director of Education, David Dorn. 

If teachers are retiring because they don’t feel prepared for it, then that’s one thing, but there are also other things that teachers need,” he said.

 The National Council of Teacher Quality is working on a teacher retirement study. 

You can learn more about NCTQ’s education data, and the latest trends, here.