[Libloather]

I know teachers who have no clue how their retirement is going to be paid

Pittsburgh Council May Use Parking Tax For Pension - Projected To Generate $415 Million Over 31 Years

[Ethrane]

Let’s see...an annual pension of $184,000?

If the prof retires at 60, and lives to age 80, that would be the equivalent of $3.6 million.

So, if that person worked for the UC system for 30 yrs, to cover that amount, they would have had to contribute about $122,000/yr (revenue neutral). Exactly how much of their OWN money did they contribute to their OWN retirement plan each yr?