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In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement System: $97,713 $96,304 80.2% 7.5% 12 New Jersey Division of ...
In 2010, a New Jersey Star-Ledger study of teacher salaries showed the average pay for N.J. teachers was $63,154; the median salary was $57,467 annually. The salaries were the fourth highest in the country.
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She retires Sunday after 31 years at STRS, one of the nation’s oldest and largest public pension funds. Its more than 500,000 members include active and inactive public school teachers and retirees.
Christie stated, "Let New Jersey lead the way again,", "The time to eliminate teacher tenure is now." [13] Former chancellor of DC public schools, Michelle Rhee, had made plans to eliminate teacher tenure altogether. Rhee designed a pay plan which would compensate teachers by giving them big pay raises in exchange for their tenure protection ...
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