How Lucrative Is NOT Teaching For A Living?
Mike Antonucci blogs at Hot Air that retired teachers in California earn more than working teachers in 28 states. He looked at the most recent summary report for CalSTRS, the California State Teachers' Retirement System:
First note that the average annual salary in 2010 for active working educators enrolled in the system was $64,156. The next table states that the average retirement benefit paid out in 2010 was $4,256 per month. That's $51,072 annually. In other words, the average retired teacher in California made more than the average working teacher in 28 states, according to the salary rankings published by NEA....Last year, the CalSTRS CEO warned that returns of 20 percent annually would be needed to fund all pensions. Without further increases in revenue or cuts in benefits, the system could be completely broke in 35 years.
No doubt the Federal Pension Benefit Guarantee Corp (that's us, suckers) will pick up the slack.
MarkD at April 5, 2011 11:46 AM
When you guys can point at soldiers doing this, then I will hear you about cutting military spending.
Radwaste at April 5, 2011 7:24 PM
So basically teacher pay is $100k per year, with half of it deferred until retirement.
What do you think a fair salary for teachers would be?
NicoleK at April 5, 2011 10:46 PM
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