Quote:
Originally Posted by GGG
I wish people would stop complaining about pensions. They have a 10% match. If you saved 20% of your money you to can retire on the same timeline as teachers. Their pension is so good because they save a large % of their salary from day 1. They don’t have the option to borrow from retirement to but a house or just cash out rrsps to pay debt or just cut contributing for a few years because they have kids. They are an example of forced savings.
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There’s a big difference between defined contribution and defined benefit pensions. And being able to negotiate with government to secure funding for pension fund shortfalls isn’t something the great majority of people are able to do. Very few private sector workers will have pensions as robust and secure as teachers. Even those who set aside as much money as teachers do. That’s just a fact.
I don’t know why people are getting defensive. Pointing out the good aspects of a job doesn’t mean you’re denigrating or complaining about that job. Teaching is a good job by almost any metric. Which is why there’s no shortage of people going into the profession.