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A comment on ‘Exhausted and underpaid’: teachers across the US are leaving their jobs. Parent comment

Re:‘Exhausted and underpaid’: teachers across the US are lea... by RhysU on Sunday October 10, 2021 @10:01PM (#28823855)
This is underappreciated. Think about what contributions one has to make to a self-funded retirement plan to acquire a pension equivalent to that available to teachers.
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Re:‘Exhausted and underpaid’: teachers across the US are lea... by RhysU on Sunday October 10, 2021 @10:09PM (#28823905)
To expand, seriously, pretend that you are buying an annuity providing a guaranteed, life-long annual payout equivalent to a teacher's salary in your town. It's a slug of cash that will make you blush.

For example, https://www.bankrate.com/calculators/investing/annuity-calcu... tells me that a $30K/year annuity good for 30 years will require more than $500K of principal at a 4% growth rate. This is a coarse approximation.

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