4 ms·
$100k/year for teachers is somewhat rare. However, $50k/year pensions for teachers is not all that rare and lots of retired police and fire folk do as well or
by anamax 15y ago
$100k/year for teachers is somewhat rare.
However, $50k/year pensions for teachers is not all that rare and lots of retired police and fire folk do as well or better.
How much "net worth" does it take to throw off $50k/year guaranteed by taxpayers?
- anamax 15y agoThanks to http://news.ycombinator.com/item?id=3469401 http://news.ycombinator.com/item?id=3469401 , we know that a $50k/year pension is worth >$1.5M NPV. So, those folks are near 1%ers. They just don't own the assets that will generate the money that they'll be spending. We do, or rather, we own the liability.