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The school district might have 100 employees but have 100 active pensions. Compare that to having 100 employees being paid 5% more and 0 pensions..
by thehappypm 5y ago
The school district might have 100 employees but have 100 active pensions. Compare that to having 100 employees being paid 5% more and 0 pensions..
- seanmcdirmid 5y ago> The school district might have 100 employees but have 100 active pensions. Compare that to having 100 employees being paid 5% more and 0 pensions.. A bit more than 5%, but exactly (about $30k/year to fully fund a 401k from employee and employer side, sans whatever the employee contribution was before).