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I don't really see your point. The reality is that money is going to other places. Most notably Pension payments (http://www.atr.org/californias-billion-pensio
by SamAtt 16y ago
I don't really see your point. The reality is that money is going to other places. Most notably Pension payments (http://www.atr.org/californias-billion-pension-bomb-a4786# http://www.atr.org/californias-billion-pension-bomb-a4786#). Keep in mind teachers can retire after 25 years but continue to get about 65k a year indefinitely plus Medical, Dental, etc.
I don't know where the number is now but in 2006 the city would have needed $10 billion to cover its pension costs and it didn't have that then: http://www.thefreelibrary.com/LAUSDS+RUNAWAY+BENEFITS+PRICE+TAG+RETIREE+EXPENSES+PUT+AT+$10...-a0142222213 http://www.thefreelibrary.com/LAUSDS+RUNAWAY+BENEFITS+PRICE+...
I think that's ridiculous and I don't think they ever should have been given that kind of deal but the School District is still contractually obligated to pay those pensions. The city of Vallejo actually tried to declare bankruptcy because it couldn't afford the enormous debt generated by pensions and the result was the California Legislature voting to exempt pension payments from city bankruptcy.
- yummyfajitas 16y agoKeep in mind teachers can retire after 25 years but continue to get about 65k a year indefinitely plus Medical, Dental, etc. In spite of that, we continue to believe teachers are underpaid.
- stcredzero 16y agoSometimes the market corrects by letting society lobotomize itself in the next generation.
- SamAtt 16y agoIt's a whole new discussion but I'll just quote the facts. From here: http://www.freerepublic.com/focus/f-news/2095889/posts http://www.freerepublic.com/focus/f-news/2095889/posts ===Begin Quote=== According to information provided to the Daily News by the LAUSD, the average salary for teachers is $63,000 - not too shabby that. But more than 8,500 teachers pull in between $70,000 and $80,000 a year. Nearly 2,000 make salaries between $80,000 and $100,000, with a very lucky (and likely very experienced) 331 enjoying more than $100,000 in annual salary. And then there's a benefits package that would be the envy of any worker not in the public sector. Medical, dental, pension - let's just say that anybody who puts in their time at the LAUSD won't be uncomfortable in their golden years. ===End Quote=== That's on a 180-day (or 36 week) per year schedule.
- kscaldef 16y agoA few bits of perspective on this: LA is one of the most expensive housing markets in the country. There's been some decline, but a few years ago a small, poorly-built house in an undesirable part of the metro area would typically run around $400K. LAUSD covers an enormous area. Teachers don't get much say in their assignments, so might be commuting 1.5 hours each way. At least some (possibly all) of LAUSD runs on a year-round calendar. Teachers don't get the same summer break as they would in many other districts. Most of their off-cycle time is spent doing professional development. Saying they only work 36 weeks a year is disingenuous.