Reply to what does 'flexible scheduling' for DC teachers mean?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The lack of math hurts me.[/quote]

I know. I'm a finance professional. There is some basic lack of understanding about how financial products work.

For example, teacher cited $15k more money as reason why her best friend was leaving for a new job. Subsequently says financial arguments are not effective. Subsequent to that indicated best friend will work 20 more years.

DCPS retirement plan indicates that those 20 more years would have been worth 40% of salary, or about $48,000 per year. Again, this is a perpetuity, but we can approximate with a twenty-year annuity. Buying a 20-year annuity paying $48,000 per year would cost around $750,000. Thus, teacher's best friend is giving up around $750,000+ in retirement benefits alone. She will likely qualify for new retirement benefits after vesting (probably 5 or 10 years at least). The retirement benefits she gains at the new job will be worth a small fraction of what she is giving up in not further accruing DCPS retirement benefits.

I don't doubt the health insurance will be almost as good in the private sector as in the public sector, as teacher relates. She doesn't relate, however, how much more in monthly premia she must pay to obtain these same benefits.

Math hurts. The lack of math hurts me even more. [/quote]

Because you're looking at it strictly from a numbers side. Teachers are telling you it's not worth it. Move on [/quote]

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