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If you teach 30 years, you get 66% of your 3 highest years averaged.

If you go up to 35 years, you make 85%-88% (a little unsure of the exact #) of your 3 highest years averaged together.
Hi Thump.. I know that's the way the math works... but I'm pretty sure the contract language caps out around 60-66% ...

It gets a bit garbled when you have to choose who gets it and who's life it's based on... you alone... your spouse... stuff like that...

I need to re-verify that here in Jersey since one of my businesses is 403b... but I think this is somewhat standard NEA contract stuff...
 
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Here in Ohio, 35 year gets you mid to high 80's% of your 3 highest years, that's a fact.

Ohio is usually rated #1 or #2 in regards to STRS.

My Brother in law took a pay cut (A very small one) to teach in Ohio because of it... (Well, he's a counselor... whatever)

And, as I mentioned... the PERS/STRS thing can get you income form other jobs... and its its own thing... so the NEA stuff need not apply.
 
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Here in Ohio, 35 year gets you mid to high 80's% of your 3 highest years, that's a fact.

Ohio is usually rated #1 or #2 in regards to STRS.



30 yrs will get you 66% but if you want a beneficary on your retirement you're looking at around 63-64% of your highest three year average.

At 35yrs you get a bonus for every year after 30yrs, 35yrs will put you at 88% which is like a 2-4% paycut from what you made when you were working since 10%(now) goes to STRS automatically. (this will change and you'll actually be submitting 12.5% from your salary that you see, it'll go up .5% a year for the next 5 years (proposed but all but too certain) for the deal STRS cut with their retirees in regards to their healthcare coverage)

With SERS and PERS the multiplyer is 2.1% instead of 2.2% which put someone working 30yrs at 63% of your pay and less for a beneficary.
 
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Then write your congressman. That's what I always tell people who feel sorry for what I make.

I wouldn't trade my job for anything. I never look at the clock to see how long until the day is over, I never know what each day will hold, and I work with the best people I could ever imagine working with.

If I had to trade this job for one that I don't enjoy or feel fulfilled in, for $200,000, it would take me a nanosecond to say "No."

I love my job and not a lot of people can say that.

Well said!

It reminds me of what my father told me many years ago: "Son, if you find something that you enjoy doing, and you get paid for it, and it's legal (an important disclaimer), you might want to consider doing that for a career. That way you will never have a job!" Once I started teaching at OSU, it took one week for me to realize that it was fun, legal, and I was getting paid (the criteria mentioned to me by my father)......and I didn't consider it a job. Here I sit after 5 years at OSU, 3 years in Phoenix and on my 12th year at my current position and I still don't have a job. I too feel like I "work" with the best people I could ever imagine working with....my students.
 
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Then write your congressman. That's what I always tell people who feel sorry for what I make.

I wouldn't trade my job for anything. I never look at the clock to see how long until the day is over, I never know what each day will hold, and I work with the best people I could ever imagine working with.

If I had to trade this job for one that I don't enjoy or feel fulfilled in, for $200,000, it would take me a nanosecond to say "No."

I love my job and not a lot of people can say that.

I don't "feel sorry" for what you make. That wasn't the point of my post, and I apologize if it came across that way.

My point was, simply, that teaching is an extremely important job and in many cases (at least based on what I've heard from people in various places) teachers are underpaid given the responsibility and effect they have on society. Next fall you may have a kid in one of your classes who, given the proper instruction and encouragement, could grow up and find a cure for cancer or become the next truly great American President. Your guidance could be the difference between that kid achieving that goal or not.

A new MBA graduate from some top-rated school will get hired by a large corporation for a bundle of money. When its all said and done, who has a greater positive impact on society? The MBA grad presumably helps his company grow and make money, and that's important. But, if not for teachers, there would be no MBA graduates or CEOs. If we had to do without one of these people, I'd rather do without the MBA- the teacher's absence would leave a much bigger hole in our society.

You obviously care enough about what you do to do it regardless of salary, but there are others who could be great teachers but are driven or lured away by financial considerations.

My son is not in school yet, but I hope that when he gets there he finds teachers with an attitude much like the one reflected in your statement above.

There's my two cents. I'll step down off of my soapbox now. :biggrin:
 
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If only all teachers were like that.....Alas, they are becoming a dying breed!
I don't believe that. I would say that over 90% of the teachers that I've met do it because they feel they can make a difference. I do believe that once they get into the profession, that they feel they are spread way too thin to make a difference, and don't get a chance to realize the differences that they have made.

Originally Posted by Thump
How about June, July, and August?:biggrin:
Many schools have gone to year round classes. So that's not the incentive that it used to be.
 
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I don't "feel sorry" for what you make. That wasn't the point of my post, and I apologize if it came across that way.

There's my two cents. I'll step down off of my soapbox now. :biggrin:

Not so much meant to you DE, sorry I came across that way to you, that wasn't my intention.

It was meant to all of the people that I hear that from on a regular basis.

I think firefighters and policeman should be payed more.
 
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worthless trivia...

ya know why school is only Sept - May/June... cuz schools didn't have AC.. now that AC is growing... and dual income is more predominant... the movement toward year round... and 'oh, BTW, retention is much better' came along as a perfect fit by non-teaching folks who didn't want to admit... "what do I do with the kids in the summer.. while we work .. it costs me a fortune"
 
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K-12 starting salary is $46K here... and as much as $56K in northern Jersey...
and the NJ teacher benefits are second to NONE.. anywhere... any industry...

That is an unbelievable starting salary! All goes by location though.

My friend just started teaching in South Carloina and she's making $32,000 and has a Master's Degree! Her benefits are shakey to say the least. Doctors visit is $50.

I know in Ohio the benefits are great, as I the kid of two teachers, have always had great medical coverage.

Get this: Worthington is in need of cutting salaries, so they are attempting to get the older teachers to retire now. They have a policy that if 40 (not sure on the exact #) retire at the end of this year, they will pay them all $40,000 to do so. As for someone like my father who will have taught for 30 after this year, he is loving every minute of this. He is planning on retiring, taking the $40,000, then possibly re-hiring to work a few more years at a starting teacher's salary, and continuing to add to the 30 years. I know that after you reach a few more years, that 66% of your top 3 salaries goes up as well. How lucky for him!
 
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A new MBA graduate from some top-rated school will get hired by a large corporation for a bundle of money. When its all said and done, who has a greater positive impact on society? The MBA grad presumably helps his company grow and make money, and that's important. But, if not for teachers, there would be no MBA graduates or CEOs. If we had to do without one of these people, I'd rather do without the MBA- the teacher's absence would leave a much bigger hole in our society.

Ummmm, there would still be CEOs. Regardless of education or teachers, somebody has to run a company. Whether they would be as effective or not is another question, depends on whether our current education system or an apprentice system would actually train people better for that position. I don't know the answer to that question and I'm guessing none of us on here know enough about economics, education, and history to really know.
 
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worthless trivia...

ya know why school is only Sept - May/June... cuz schools didn't have AC.. now that AC is growing... and dual income is more predominant... the movement toward year round... and 'oh, BTW, retention is much better' came along as a perfect fit by non-teaching folks who didn't want to admit... "what do I do with the kids in the summer.. while we work .. it costs me a fortune"
Actually those were pretty useful facts. You also have to add agriculture to that. Kids aren't required to stay home and work in the fields during the summer either. At least not the percentage that used to do that. As for the retention being much better. I've been preaching that for as long as I can remember discussing this subject.

Damn, I type slow.
 
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