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I'm not sure why the number of years of school matters. Are you assuming that the student gives up 0.1% total or 0.1% for each year of teaching? In the latter

I'm not sure why the number of years of school matters. Are you assuming that the student gives up 0.1% total or 0.1% for each year of teaching? In the latter case, it works out about perfectly: 30 students * 30 = 900 students 900 students * 100000 dollars / student * 0.001 = 90000 dollars The student would be giving up a still reasonable 1.5% or so of income (and only in the years between when the teacher retires and dies).

byrneseyeview 18y ago
and only in the years between when the teacher retires and dies Actually, it would probably be transferable. It's worth more if teachers can sell it -- if a student starts working, that stake represents a fraction of the next forty years worth of earnings, but the teacher might expect to spend it over the next ten (and since it is equity, rather than fixed income, it might not be an appropriate thing to own for retirement). So making it something the teacher can sell to invest the proceeds in bonds would be fine -- although they could just sell and invest in the future income of a public school teacher, which apparently has the stability of a T-Bill and the growth rate of Google.
Retric 18y ago
IMO, if we want to motivate teachers we should give them a bonus based on the change in students performance relative to their past performance. Teaching the Honors classes would not give them an edge because the students where already doing well and the teacher need to keep pushing them. Anyway, your assuming all students make 100k, the average is around 50k/year and the teacher is already looking at a 60k/year pension. But, what about elementary school teachers they can wait 15 years before you are making any money. Retire after 30 years and only 1/2 or less of your students are working. In the end I think we need to recognize that pensions are really a tax on the teachers past performance as a group. As a group they get money because they did a good job as a group, but there is little direct connection.

byrneseyeview 18y ago

and only in the years between when the teacher retires and dies Actually, it would probably be transferable. It's worth more if teachers can sell it -- if a student starts working, that stake represents a fraction of the next forty years worth of earnings, but the teacher might expect to spend it over the next ten (and since it is equity, rather than fixed income, it might not be an appropriate thing to own for retirement). So making it something the teacher can sell to invest the proceeds in bonds would be fine -- although they could just sell and invest in the future income of a public school teacher, which apparently has the stability of a T-Bill and the growth rate of Google.

Retric 18y ago

IMO, if we want to motivate teachers we should give them a bonus based on the change in students performance relative to their past performance. Teaching the Honors classes would not give them an edge because the students where already doing well and the teacher need to keep pushing them. Anyway, your assuming all students make 100k, the average is around 50k/year and the teacher is already looking at a 60k/year pension. But, what about elementary school teachers they can wait 15 years before you are making any money. Retire after 30 years and only 1/2 or less of your students are working. In the end I think we need to recognize that pensions are really a tax on the teachers past performance as a group. As a group they get money because they did a good job as a group, but there is little direct connection.