Hi-Desert Star > Editorial > Letter: Teachers pay for retirement pensions:
"Since public pensions seem to be a “hot topic” in the media today, the members of the California Retired Teachers Association of the Morongo Basin feel the need to educate and set the record straight on a few key points.
Many people seem to think that teachers receive their pension as a free benefit when in fact they pay into their retirement account.
After teaching for 26 years, the average retired teacher receives $2,700 per month in benefits. For those 26 years, they were required to pay 8 percent of their salary into the California State Teachers Retirement System (CalSTRS), unlike corporate workers."
"Since public pensions seem to be a “hot topic” in the media today, the members of the California Retired Teachers Association of the Morongo Basin feel the need to educate and set the record straight on a few key points.
Many people seem to think that teachers receive their pension as a free benefit when in fact they pay into their retirement account.
After teaching for 26 years, the average retired teacher receives $2,700 per month in benefits. For those 26 years, they were required to pay 8 percent of their salary into the California State Teachers Retirement System (CalSTRS), unlike corporate workers."
