The other thing missing when people complain about teachers pension plans is that they are likely solvent for new entrants. Essentially if new teachers weren’t paying for existing pension earners the amount they are contributing would be fine.
Between them and their employer they contribute about 21-22% of their Salary to savings. If you save that much money you to can retire with almost as high of degree of solvency as a teacher.
You can do better than a teachers pension plan.
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