Equable Institute analysis of individual teacher retirement plans and classes of benefits using benefit terms described in public plan valuation reports and CAFRs, and benefit modeling based on a 25-year-old new entrant who works until the class of benefit normal retirement age (or age 67, if no age is provided). Values shown are the net present value of expected lifetime benefits that all open classes of benefits in a given year will provide to a new entrant when they reach normal retirement in the future. Figures are presented inflation adjusted to 2021 dollars and based on average starting salaries for teachers, by state, in 2021.