4 ms·

I don't understand this reply. I quoted you the actual statistics for MA. https://www.teacherpensions.org/state/massachusetts https://www.teacherpensions.org/s

I don't understand this reply. I quoted you the actual statistics for MA. https://www.teacherpensions.org/state/massachusetts https://www.teacherpensions.org/state/massachusetts Teachers pay into the system, quite substantially, at rates that are similar to what you would pay for a 401k. And their average pensions are quite low.

andrewprock 4y ago
The formula on that page is a fixed benefit based, not on average salary, but the average salary at the end of the teacher's career - last five years. This is nothing like a 401k.