$100k/year for teachers is somewhat rare. However, $50k/year pensions for teache... | Hacker News

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anamax on Jan 16, 2012 | parent | context | favorite | on: What Jobs Do the Top 1% Have?

$100k/year for teachers is somewhat rare.

However, $50k/year pensions for teachers is not all that rare and lots of retired police and fire folk do as well or better.

How much "net worth" does it take to throw off $50k/year guaranteed by taxpayers?

anamax on Jan 16, 2012 [–]

Thanks to http://news.ycombinator.com/item?id=3469401 , we know that a $50k/year pension is worth >$1.5M NPV.

So, those folks are near 1%ers. They just don't own the assets that will generate the money that they'll be spending. We do, or rather, we own the liability.

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