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Schools and Education General Discussion
Reply to "Teachers are underpaid?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I know this is the current meme. When I look at my friend, who will retire in a few years and get almost her entire salary and benefits in retirement for years and years beyond, I don't see her as underpaid. Neither does she. Do people forget about this perk when saying teachers are underpaid? [/quote] That pension depending highly on where you are and when you started teaching. I am a young/ new teacher and in my city, recent teachers have a much worse pension than those who have been in for even 5 years, and especially a few decades [/quote] Agree. I started in 2000 and based on this discussion, I went in and calculated my pension. It depends on how many years I work, but if I work 30 years, I will bring home about $4000/month in my VRC pension and another $2000 in my ERFC pension (this is FCPS). The ERFC goes down significantly (to about $800/month) once social security kicks in. That is all pre-tax, so I have no idea what it would really be take home. Not sure about health insurance - I know it is not fully covered for retirees in FCPS and I think the premiums are hefty. This all has changed, though, for recent hires, and I am not even sure that if I work that long, the pensions will still be funded by then. It's not bad, I agree, but another 15 years as a teacher is somewhat daunting to me. [/quote]
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