The average pension for educators retiring in 2010 was $52,270, compared with $38,924 for all retirees, the report said. It also found that 1,167 took in benefits with annualized values of between $100,000 and $150,000. Two people’s benefits were valued between $250,000 and $300,000.
The Manhattan Institute, Empire Center’s parent, has been arguing that the state’s defined benefit plans should be replaced with 401-K type defined contribution plans similar to those in the private sector.
1 comment:
Good any school employee deserves that and more! About time they get paid for what they do!
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