Go through the statistics of teachers’ earnings. We must think over a government workers’earnings, along with his/her pension benefit, if we seriously want to think about the teachers’ earnings.
For example, an average teacher earns $61,402 after working approximately 176 days per year, 300 minutes, per day in Illinois. Thus, when you add it all together, they definitely earn $ 348.88 per day, $ 1.16 per minute, or $ 69.60 per hour. In contrast, an average officer earns $106,217.00 per year.
Teachers are sanctioned with a clear benefit of pension. Therefore, they actually earn considerably more than an administrator.
Throughout the world, teachers are regarded with high respect, as they have a lion’s share in making ‘anoble one’ out of merely a ‘human being’. However, though we look towards them with such a great responsibility, do we really care ‘how much they earn in their salaries and pensions?’ There are ‘N’ numbers of grounds, by which it’s impossible to evaluate a teacher’s salary with that of a worker of a private sector.
Teachers earn the same payment, no matter if they are carrying out their duties weakly or outstandingly. However, on the other hand, if we compare their duty hours with that of a private sector employee, we realize that they needn’t to perform their duties at great length. Yet, they get an assured pension benefit after their retirement.
A typical pension per year for a teacher is $43,164, which is a 2010 numeral. Most of them work for about 12 years. Consider every year’s raise of a 3% on cost of living, in that definite pension gain. Over a standard lifetime of a teacher, you should observe the said appreciation tobe added into his/her average salary. By this, you will understand a better state of affairs of teachers’ salary per year.
(image credit – misanthropy)
For calculations, we need to consider some assumptions, as follows: –
1) Imagine a normal natural life of 78 years.
2) Take for-granted that teachers get the pension at the age of 55.
3) Thus 23 years with a clear profit of pension, with the added 3% once a year.
4) Also suppose that they are required to wait from the age of 34 to get the payments.
5) Assuming a traditional discount of 5%, the total payment becomes $290,756.
6) Assisting them financially over the 12 years an average teacher works; he/she earns an additional income of $24,229.67 per annum.
7) So, in reality, their salary goes to $85,631.67.
8) This figure also needs to be added with the health reimbursement, which too they obtain.
Being a teacher, though you won’t be wonderfully rich, yet you can surely enjoy great comfort. We all respect teachers. Having ‘Good teachers’ is a social need of our society. Therefore, we would never want to be enlisted as a ‘teacher-hater’. Still, we must reconsider about their payments. We don’t want to state that teachers get overpaid. We just want to clear the fact that they get extra-pension, which can be considered as an over payment in comparison to any other employees of a private sector.
To judge against the earnings of an average private sector employee (counting all private employees, even those with hourly wage), it hardly goes to the tune of$59,909. Moreover, an average employee of private sector needs to work much more than 5 hours per day, with an additional risk of losing a job in the period of retrenchment. It’s very tough to confirm how much a person earns, with similar tasks and education, as that of a teacher. More or less, an employee of private sector earns $60,000 to $100,000 per annum.
If the system takes a decision to discard teachers unions, yet with the allocation of an understandable pension benefit for them, the huge sum can be utilized for the social betterment. It follows that; a better job should be decided for the teachers. An incentive scheme can be reserved for them to make kids educated.
Answers On The Prospected Complaints
Generally, teachers work more than 300 minutes a day. But, by Illinois law, they only have to work 300 minutes a day. No doubt, teachers arrive at work earlier and may stay late. No doubt, teachers work at home too, like evaluating answer-sheets at night. Yet, how to justify these uncertainties?
There are also variations in hours, with the change of institute. If your school teachers work for extra hours, their hourly remuneration drops, yet pension continues to be unchanged.
There is no general rule for teachers to guide ‘how much work theyshould do out of their classrooms?’ Imagining it to be 2 hours, there would surely be resistance on those hours. As this issue involves several uncertainties, a correct answer can’t be saught easily, except reviewing a casual section of teachers. However, we believe if they make it out to be an analysis, the number oftheir additional working hours would be added with some extra hours.