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

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[quote=Anonymous][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]

Shes not at DCPS #1 (never said she was, I said she was at a highly sought-after PS system) and #2 shes going to a fed job.

I am surprised you feel so emboldened to make projections without all of the information but please continue with the math........

and its 15k THE FIRST YEAR. She's guaranteed pay raises, step increases, likely a grade increase, and COLAs. The most she can currently make as a teacher with a master's +30 is 107 and that's after 25 years so an additional 5 years. and then it doesn't increase after that except for COLAs. 
[/quote]

Oooo, hate to tell you about the lack of fed pay increases.  Also, the teacher pension is better than fed retirement.

But as you said, none of that matters so who cares, amirite.[/quote]

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