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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (203409)	5/21/2009 12:40:07 PM
From: Skeeter Bug	Respond to of 306849

Peter, they don't get 90% of their average annualized salary close to and 30% of the united states haven't dropped out. the teachers average $69k, most working 9 months. that's an average of about $95k annualized - should they decide to work summers. that's average. that's more than a lot senior engineers make - and the teacher's union claim they make less as public employees. they lie! just like they did in their ads for prop 1A trying to disguise a massive tax increase as a proposition to stop tax increases. when one retires after 30 years, they make the high end, not average. my guess is the average annual retirement for a teacher with 30 years experience is likely above $70k per year - and possibly north of $90k a year. they know how to game the system - the pensions are probably based upon their last year's income and they work the summer of that last year. the union members of all public employee unions and all the public officials (the government class) have been gaming the system during the bubble years. one clown in CA gets about $500k a year in pension. a fire chief in CA gets $160k and earns another $180k contracting back to his department. it is a smaller down - 32k residents, IIRC.