Socialized Education - Is there abetter way? Message Board

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Politics : Socialized Education - Is there abetter way?

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From: TimF	9/13/2018 4:31:19 PM
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innergamethoughts says: February 14, 2017 Teachers in PA [not national but a lot better than anecdotal,and fairly representative & large state] have a $50 Billion pension fund. Last decade the amount they get on retirement was spiked 25%, and years required dropped from 10 to 5 under Gov. Rendell. They also have gold-plated benefits. The amount the State is paying for teacher’s pensions was under $3bn annually a couple years ago, was $4.4B last year and will rise to $5.2 in a few years — just for the pension. The avg HS teacher in my district makes $66k in salary, and $31k in benefits [this is all published, public data.] Longer tenured teachers make up to $97k in salary. You can also sort by ‘specialty’ and with Ns = 1 you get some interesting data: The kindergarten music teacher, Master’s degree, 20 years exp is earning over $125k in salary and bennies per year. For 9 months work. Of course, senior administrators make significantly more than that! PSERS costs are approximately 33% of school budgets already. Again, that’s just pension dollars, and not benefits or salaries. slatestarcodex.com

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