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>>Not a lot of public sectors earn that much, so it's not a significant fraction. Yes, a significant fraction earn that much. According to salary.com, the medi
by CryptoPunk 5y ago
>>Not a lot of public sectors earn that much, so it's not a significant fraction.
Yes, a significant fraction earn that much. According to salary.com, the median compensation of a public school teacher in New York is $100,000:
https://www.salary.com/tools/salary-calculator/public-school-teacher-benefits/new-york-ny https://www.salary.com/tools/salary-calculator/public-school...
A significant fraction of those above the median would be receiving compensation above $110,000.
salary.com may be undercounting pensions too, given a USA Today FOIA request found that 3,800 NYS teachers earn over $100,000 a year for their pension:
https://www.democratandchronicle.com/story/news/politics/albany/2020/01/27/database-school-teacher-pensions-in-new-york/4563615002/ https://www.democratandchronicle.com/story/news/politics/alb...
>>Overall, 3,800 educators in New York got more than $100,000 a year in pensions in 2019, according to the data obtained from the state Teachers Retirement System through a Freedom of Information by the USA TODAY Network New York.
And that the average pension for NYS public teachers is $44,859:
>>the average pension for school officials was $44,859 last year for the 160,960 retirees in the system, the records showed.
This is significant given NYS public school teachers can retire at 55, and that pensions for NYS teachers have increased since many of the current retirees were employed.
Another report shows that a NYS teacher with 35 years of experience receives a pension of $87,945 on average:
https://www.nydailynews.com/news/politics/pensions-retired-nyc-educators-high-88g-article-1.2968845 https://www.nydailynews.com/news/politics/pensions-retired-n...
Now consider those pension payments, amortized over their career, are on top of all the other benefits, and an average base salary of $71,501 for public school teachers in NYS.
And this doesn't capture the value of their job security. It's incredibly hard to fire New York state public school teachers:
https://www.the74million.org/article/investigation-nyc-tried-to-fire-154-teachers-for-incompetence-or-misconduct-75-were/ https://www.the74million.org/article/investigation-nyc-tried...
>>Also you started by mentioning unionized workers as a whole, not just public sector
Approximately half of unionized workers are in the public sector:
https://www.epi.org/publication/2019-union-membership-data/ https://www.epi.org/publication/2019-union-membership-data/
So whatever fraction of unionized public sector workers are in the top 10% by compensation, we can surmise that the proportion for unionized workers as a whole is at least half that.