Quote:
Originally Posted by malcolmk14
Did you assume $105,173 for the last five years? Top of the grid the last five years would’ve been:
2025 - $105,173
2024 - $105,173
2023 - $103,111
2022 - $101,838
2021 - $101,331
So the five year average salary is $103,325 for this person.
Worth noting as well that this is a single life, no guarantee pension. So a teacher collecting that amount could die a month in and there would be nothing for their family. Other options like a 10- or 15-year guarantee would pay slightly less.
|
I did use $105,173. So I guess knock a few dollars off. My wife isn't retiring for awhile yet so I just half-assed my calculation to get an estimate.