Re:Nobody wants to teach anymore
by cool_dude85 on Sunday August 21, 2022 @03:01PM
(#32543319)
>Counterpoint: teachers' pay is great, it's just backloaded in pension plans.
Pensions are cheap. I have a much better pension plan than the teachers in my state and the long term cost is about 16% of payroll - 8% from my employer and 8% from me. Hardly unreasonable cost, and yet I'll be able to comfortably retire around 55 and never worry about money again. That's not insignificant but it's not what is causing public schools to be underfunded.
Pensions are cheap. I have a much better pension plan than the teachers in my state and the long term cost is about 16% of payroll - 8% from my employer and 8% from me. Hardly unreasonable cost, and yet I'll be able to comfortably retire around 55 and never worry about money again. That's not insignificant but it's not what is causing public schools to be underfunded.