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re: Livingston Parish 1% tax for teacher raises fails to pass
Posted on 4/2/23 at 10:56 am to OneAyedJack
Posted on 4/2/23 at 10:56 am to OneAyedJack
quote:
Then, after 30 years of dedicated service, the teacher finally gets to retire with another whopping 2700/month after taxes. Wow. I'm jealous.
Not true. An LP teacher posted this week and was complaining bc is she retries now after 26yrs here pension would only be over $4k/mth.
After 30yrs it is definitely much higher. Unlike those with 401ks that are down a lot, teachers still draw their full pension regardless that it is unsustainable.
This post was edited on 4/2/23 at 10:57 am
2
Posted on 4/2/23 at 11:18 am to LSUAngelHere1
quote:
teachers still draw their full pension regardless that it is unsustainable.
It’s not unsustainable. Teachers themselves put in 8% of their earnings and the employers have been putting around 26% of the teacher’s salary each year. A 50k a year teacher costs a school system over 80k, this is one reason the retirement is sustainable.
Posted on 4/2/23 at 1:10 pm to LSUAngelHere1
quote:
Not true. An LP teacher posted this week and was complaining bc is she retries now after 26yrs here pension would only be over $4k/mth.
That’s simply inaccurate…. With 26 years of service, a teacher would retire with 65% of the average of their highest 3 earning years.
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