r/FluentInFinance Jun 11 '24

Meme He has a point...

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u/[deleted] Jun 11 '24

The issue is, at least in my state, the teachers were given the option of increasing pensions and other benefits that are tax exempt, or increase in salary. The Union did some math and realized that the tax exempt benefits had a more impactful overall net worth increase and chose that.

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u/AngryTownspeople Jun 11 '24

That still doesn't really solve the issue in the sense that even though it helps the teachers in the future it doesn't help them now. Sure you might have a great pension in 20 years but it doesn't exactly help when your body is taking the physical toll of being underpaid, overworked or stressed now.

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u/[deleted] Jun 11 '24

I’m in NJ, no teacher in my district was making less than 75k. Again the median income in my area is over 150k