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I'm all for generous teacher salaries; however, a lot of people (including teachers) greatly underestimate the value of their pensions. A $48,000 per year COLA-adjusted pension for a 60 year old female (typical teacher pension) is worth approximately $1 million (source: immediateannuities.com)
Excesses, yes. I have never heard of a teacher being laid off in the traditional sense.
They will excess you... it's not the same.
Maybe I am wrong but my friends who are teachers say there are not layoff, but just excesses.
If I am wrong, I apologize. But I know it to be an excess and you CAN get your job back if a position opens up.
In financially distressed school districts, teacher layoffs do happen. Every state funds their schools differently, but where I'm from, schools start axing teachers after 2-3 property tax levies fail. That's after busing gets the axe.
I see the value in great public teachers in molding tomorrow's leaders, so I support healthy pay. Any teacher with 10 years of successful experience should be making at least $70,000. Where I see a problem is with their pensions. I understand how they're important in preventing 60 year old teachers who've been beaten down by decades of tending to kids, but I worry the pensions create undue financial problems on school districts.
I would support higher pay in exchange for lower pensions and a mandatory retirement age of 60 years old.
Golly gee, how they're ripped off... instead of the pittance SS provides, they get a pension riding on the backs of the taxpayer of close to if not their full salary for decades. The poor things!
If that's some kind of "punishment", why can't I opt out of Socialist inSecurity and keep the $15,000 or so they take from me every year? I'd gladly invest that and live with what happens.
Pensions are slowly being taken away. I am part of the new Tier 3 retirement plan. No pension for me. It's been that way for 10 years at least in many states.
Excesses, yes. I have never heard of a teacher being laid off in the traditional sense.
They will excess you... it's not the same.
Maybe I am wrong but my friends who are teachers say there are not layoff, but just excesses.
If I am wrong, I apologize. But I know it to be an excess and you CAN get your job back if a position opens up.
Never heard of excess. Reduction in Force and you aren't given a contract until the last minute, so while you are waiting for a contract based off funding that hasn't happened yet, you either got to live off your savings, or look for another job.
The thing is, your job isn't secured long term, until you have been there long enough to be up the ladder of seniority.
Not even tenure can protect you from RIF, if it is bad enough.
Golly gee, how they're ripped off... instead of the pittance SS provides, they get a pension riding on the backs of the taxpayer of close to if not their full salary for decades. The poor things!
If that's some kind of "punishment", why can't I opt out of Socialist inSecurity and keep the $15,000 or so they take from me every year? I'd gladly invest that and live with what happens.
By what measure is 40% close to full salary? Maybe at one extreme end of the pension spectrum someone is getting that, but as I teach in one of the states with some of the highest teaching salaries I can tell you that we don't get even close to our full salary.
Yes. We have 401k. It's not the same as a pension. Pensions are better.
Ok, and for like the 20th time. Teachers took lower pay for better benefits. That was what they "signed up for" as you say. And now many states do not give new teachers access to pensions, force them into 403bs and still haven't increased pay.
So it is not fair to whine about teachers having better benefits when you are taking them away and still keeping salaries artificially low.
I'm all for generous teacher salaries; however, a lot of people (including teachers) greatly underestimate the value of their pensions. A $48,000 per year COLA-adjusted pension for a 60 year old female (typical teacher pension) is worth approximately $1 million (source: immediateannuities.com)
That's a lot of money.
Almost no one gets COLA anymore, most teachers have to be 65 to retire with full benefits, and even when I get to the top of the guide (and I am in an extremely well paying state) I will not get a pension of $48.
So basically no.
As a matter of fact that isn't even close to the average teacher pension in any state.
The teachers also get around 12 weeks vacation/time off, every holiday off, bad snowstorm, hurricane, etc they are off.
No one ever talks about that.
Not true. Most of the districts in AZ have year-round school. Every state is different so you cannot just lump them all together with a false statement.
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