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tduecen
New York Yankees Fan
Member since Nov 2006
140869 posts

re: Teachers of Money Talk - or husbands of teachers like me
The parish I work in it is a 150 a year is your step pay. So each year I make 150 more than the year before but each year they're asking me to go to more "training" more "seminars" and to do more documentation without any real incentive.
I know for having a good review (4 SLT)plus scores I will receive a $300 check if I scored a 3 I would receive $150.
This post was edited on 4/7 at 11:53 am


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03
LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
14511 posts

re: Teachers of Money Talk - or husbands of teachers like me
quote:

100 a month for my house note, car note, student loans, travel, gas, bills, etc.



Are you single? If so that probably is a decent amount to live on (but not huge).

The 200 you are putting into retirement is that what the state takes out of your check or is that an additional retirement account (not your pension?)



tduecen
New York Yankees Fan
Member since Nov 2006
140869 posts

re: Teachers of Money Talk - or husbands of teachers like me
That is what comes out of my check into my 403B which is pretax

Well when looking at an 800+ house note, plus 300 car note, car insurance, utilities, had, student loans, groceries, etc it adds up quick.


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11
deeprig9
Georgia Fan
Member since Sep 2012
33190 posts
 Online 

re: Teachers of Money Talk - or husbands of teachers like me
quote:

8 years until you are vested, and it use to be 25 years of service until you could retire, but now its 30 years. If you can put up with the government red tape for 8 years then that 15.7 match is sweet, about to go up in July to over 17%.


You talk like this is a bad thing?

Start at age 25, retire at 55 with full benefits?

And get summers off?

You'll never have a multi million dollar beach house, but you can sure as hell rent one a couple times a year and have a very nice life, retiring ten years earlier than most people ever hope to.


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130
TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
31083 posts

re: Teachers of Money Talk - or husbands of teachers like me
quote:

Masters degree means very little for teachers unless you plan on leaving the classroom. I make 460 more than someone with the same amount of years and a bachelors degree


that's one thing that millennial teachers get screwed on.

You make $460 more a year with your master, x30 year career is $13,800. Plus you will get an additional $345 in retirement (460 x 75%) for life. In your life time you will likely have earned an additional $20,000 for having the masters. That wasn't a bad deal back when getting a masters only cost $2500.


tduecen
New York Yankees Fan
Member since Nov 2006
140869 posts

re: Teachers of Money Talk - or husbands of teachers like me
Cost of college is out of control


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22
baldona
Auburn Fan
Florida
Member since Feb 2016
8891 posts
 Online 

re: Teachers of Money Talk - or husbands of teachers like me
quote:

Masters degree means very little for teachers unless you plan on leaving the classroom


This is dependent on where you live I believe? I know teachers that make over $10,000 more a year because they have a masters. Also, if you are teaching elementary you shouldn’t make more for a masters as it’s really not doing anything for the students.

Most government jobs really shouldn’t be compared apples to apples to private industry. For one, being a teacher is a fantastic job for a mother. How much is that worth? What job should teachers be compared to? The curriculum is not that demanding, comparing it to something like nursing or engineering would not be fair.

Finally, if you have a 2 teacher household you may not become rich but you can have a hell of a life. Ask people this, if they could make $110,000 a year with 3 months of vacation a year when their kids are out of school, and retire at 55 with a pension would they do it?

That may not be for everyone, but imo that’s a hell of a good life.


tduecen
New York Yankees Fan
Member since Nov 2006
140869 posts

re: Teachers of Money Talk - or husbands of teachers like me
This is not the case in Louisiana then, very few parishes pay more than 2k more for a masters vs a bachelors degree


tduecen
New York Yankees Fan
Member since Nov 2006
140869 posts

re: Teachers of Money Talk - or husbands of teachers like me
quote:

The curriculum is not that demanding, comparing it to something like nursing or engineering would not be fair. 
what?
quote:

. Ask people this, if they could make $110,000 a year with 3 months of vacation a year when their kids are out of school, and retire at 55 with a pension would they do it? 
so essentially you are asking two teachers with 30+ years experience each with grown arse kids. As at 30 years ill be making 56k in my parish with a masters degree
This post was edited on 4/7 at 5:32 pm


baldona
Auburn Fan
Florida
Member since Feb 2016
8891 posts
 Online 

re: Teachers of Money Talk - or husbands of teachers like me
Yeah I wasn’t talking about Louisiana, that is terrible honestly.

I would love to see teaching as a 2nd career become more popular. Especially for HS. I know a lot of people don’t want to put up with teenagers, but I think there could be some programs to put retired professionals into the classroom. I’ve considered it though right now I’m not close to retirement.


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40
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baldona
Auburn Fan
Florida
Member since Feb 2016
8891 posts
 Online 

re: Teachers of Money Talk - or husbands of teachers like me
quote:

so essentially you are asking two teachers with 30+ years experience each with grown arse kids. As at 30 years ill be making 56k in my parish with a masters degree


Your parish pays crappy. You are right. Nothing I can say about that. The cost of living is likely very low though.

I know plenty of teachers that make mid $40s to low $60s in their 30s. Not in Louisiana, but other states.

Sorry by curriculum I meant college curriculum. I’m saying most anyone with the work ethic can become a teacher. It’s not Stem or another tougher curriculum. I don’t know what to say but not all jobs pay what people think they should, but everyone that becomes a teacher knows the pay beforehand.


tduecen
New York Yankees Fan
Member since Nov 2006
140869 posts

re: Teachers of Money Talk - or husbands of teachers like me
I'll agree teachers know the pay beforehand but as school systems continue to ask more and more from teachers they should compensate them more
I can say the amount of documentation has increased since I started, my lesson plans need to be more detailed, I need to go to more training outside of school hours, and I have more meetings than ever before. While I understood my salary going in I've been asked to increase my workload each year for only a 150 raise.

The easy answer is to find another parish but why should I have to move to make more?


LSU1018
LSU Fan
Baton Rouge
Member since Feb 2007
6660 posts

re: Teachers of Money Talk - or husbands of teachers like me
Private school teachers are not paid near that and don’t have the benefits either. My wife has been teaching private school for 10+ years and doesn’t make 45k. Also, only 2% match, health is descent for her but they don’t cover much at all for kids portion.


bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
11145 posts

re: Teachers of Money Talk - or husbands of teachers like me
quote:

They are under-used because they aren't matched, in most cases. A lot of people will only contribute to plans to the extent there is a match.

Also, if a teacher is making 60K a year and putting 19K into a plan, that's all well and good, but that means you are living on 41K (ignoring the pre-tax/post-tax for simplicity) a year. That's about some teachers earn.
Precisely. The only way to do this is if your spouse is making 100k or more per year.


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11
tduecen
New York Yankees Fan
Member since Nov 2006
140869 posts

re: Teachers of Money Talk - or husbands of teachers like me
The reason people choose private school is that you don't have to deal with the issues of public school plus the stress of state testing. I know plenty of private school teachers and they live essentially a better life with less expectations because all of their students have parents that care since they're paying


baldona
Auburn Fan
Florida
Member since Feb 2016
8891 posts
 Online 

re: Teachers of Money Talk - or husbands of teachers like me
Everyone wants to make more money. If a teacher can make $60k in a low cost of living location for teaching elementary school level with little other duties, I just don’t know how much more we should be pay? $80k?

As said, few jobs that do mostly the same thing through their career receive huge pay raises. You can become a teacher and move into administration and be paid pretty well.


yellowfin
Chicago Cubs Fan
Coastal Bar
Member since May 2006
91701 posts

re: Teachers of Money Talk - or husbands of teachers like me
quote:

As at 30 years ill be making 56k in my parish with a masters degree



No you won’t because every so often a governor trying to get re-elected will give everyone a raise


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10
TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
31083 posts

re: Teachers of Money Talk - or husbands of teachers like me
One over looked benefit for public school teachers is Louisiana is taxes.

Don't have to pay FICA taxes, that's a 6.2% savings & no state income tax on public pensions.


LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
14511 posts

re: Teachers of Money Talk - or husbands of teachers like me
quote:

Don't have to pay FICA taxes, that's a 6.2% savings


Instead they pay 8 percent into their pension plan

quote:

no state income tax on public pensions.


No state income tax on social security either

Now grated an annual pension payment at retirement is likely 10K a year more than social security would be but they are paying in a higher rate as well.


TigerTatorTots
New Orleans Pelicans Fan
The Safeshore
Member since Jul 2009
74787 posts

re: Teachers of Money Talk - or husbands of teachers like me
LINK

St Tammany is known as one of the top paying school systems in the state. Here is the salary schedule for them. Page 50 starts for new hires after 2014. Teachers with masters degrees getting only $500/yr more than a bachelors degree is kind of a joke imo
This post was edited on 4/8 at 8:29 am


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