Monday, January 28, 2019

Average Teacher Pension For Each State























The average teacher pension for each State are listed below.  Included in the list is if the State participates in Social Security for teachers.

State..................Pension......Social Security...% Vested

Alabama...............$22,336...........Yes....................39%
Alaska.................$34,605...........Yes....................39%
Arizona................$19,771...........Yes..................100%
Arkansas.............$22,83..............Yes...................57% 
California............$49,268.............No....................69%^
Colorado.............$40,785.............No....................36%
Connecticut.........$53,452............No....................55% 
Delaware.............$21,793............Yes...................29%
Dist Of Columbia.$30,829..............Yes..................36%
Florida................$22,215.............Yes..................28%
Georgia...............$43,192.............No...................29%
Hawaii................$27,816.............Yes..................25%
Idaho..................$20,041............Yes..................70%
Illinois................$49,560..............No..................50%
Indiana..............$18,735.............Yes..................31%
Iowa...................$20,363............Yes..................42%
Kansas...............$17,052.............Yes..................45%
Kentucky............$46,576...............No..................67%
Louisiana...........$27,324................No.................54%
Maine................$28,421................No.................14% 
Maryland...........$24,409................Yes................43%
Massachusetts...$43,642.................No................12%
Michigan..........$28,148.................Yes................50%
Minnesota........$27,593.................Yes................50%
Mississippi.......$18,928.................Yes................22%
Missouri...........$36,303.................No.................58%
Montana...........$29,111................Yes...............35%
Nebraska..........$23,611................Yes..............32%
Nevada.............$35,683.................No...............57%
New Hampshire.$19,598................Yes..............31%
New Jersey.......$40,175................Yes..............56%
New Mexico.....$22,816..................Yes.............33%
New York........$47,432..................Yes..............40%
North Carolina.$18,400..................Yes..............28%
North Dakota..$29,508..................Yes..............56%
Ohio................$48,258..................No...............34%
Oklahoma.......$24,309.................Yes...............44%
Oregon............$37,794................Yes...............46%
Pennsylvania...$19,798................Yes...............36%
Rhode Island,..$25,103................Yes................59%
South Carolina.$20,528...............Yes................37%
South Dakota...$16,286................Yes...............51%
Tennessee.......$22,731................Yes...............56%
Texas..............$24,921.................No...............59%.
Utah................$18,569................Yes..............52%
Vermont..........$20,278................Yes..............33%
Virginia...........$22,771.................Yes.............50%
West Virginia..$21,415.................Yes..............25.%
Wisconsin.......$22,811.................Yes..............64%
Wyoming........$24,507.................Yes..............62%


The percent vested column are the percent of teachers that are eligible for a pension. The lowest vesting percentage are the states of Massachusetts (12%),  Maine (14%) and Mississippi (22%).  Nationally, the percentage of vested teachers is only 44.5% and 19.7% of teachers who are able to reach full retirement age.

 For the most part, the highest teacher pensions are in State's that are not eligible for Social Security and are not taken out of a teacher's check.   The top four States are Connecticut ($53,452), Illinois ($49,560), California ($49,268), and Ohio ($48,258).

Note:  that urban school districts have much lower teacher vesting percentages.  You can see it Here.

Finally, New York State pays the bulk of the pension contributions and you can see this Here.


14 comments:

Anonymous said...

I know that some states do not let you get social security if you get a state pension.

My question is why would they do that?

Social Security is between you and the Federal Government.

How can any state deny you that?

The pension is between you and the state or city you worked for.

I just don't get the miserliness. Who benefits? Does the state get your SS money as a requirement for giving you a pension?

Anonymous said...

Chaz...

How many years of service are those pensions based on? 20...25? Masters
= 30, phd?

Unknown said...

Chaz please answer me. 300000 in tda. 45 years old. Switch to 50 50 fixed variable A for everything including future contributions. Retiring in 10.
Thanks

Anonymous said...

Research how the teachers in Kentucky were f—ked. Surreal.

Chaz said...

Anon 12:14

I believe it is the average and includes all retires, regardless o their years and salary.

1:46

Sounds good to me.

Anonymous said...

I really want an accurate number of how many NYC teachers actually make it to full pension age. (55-62)

Anonymous said...

chaz i just want to make sure, I retire after 30 years of service nyc and i move to a state that does not provide social security benefits- i still get my reduced benefits at 62 since i contributed those 30 years - correct?

Anonymous said...

Social Security is only between you and the federal government IF both you and your employer are paying into it.

In those states that teachers don’t get social security the teacher and employer (school district) is not paying into the program.

In NY we pay social security so we get social security.....G-D willing.

Anonymous said...

Once you have 15 years everybody will be targeted on observations based on lies.

Chaz said...

The reason that some states do not have Social Security is that they do not have to pay the 7.5% employer contribution.

Anon 6:46

Correct

Anon: 5:59

The latest data is 33% but that is based on 2013. I suspect an updated number will be around 20% and even lower for Tier VI teachers.

Anonymous said...

Once you have the minimum number of years to get your retiree health benefits, get out and pursue another career. That's an amazing benefit to have, but once you achieve it there's nothing left that's worth sticking around for. It's so common that it even has a name - "ten and out." I know the newbies have to stay for 15 years, not that any of them will.

Anonymous said...

If you are going to stay ten years to get vested, you might as well have stayed 25 to get pension.

Anonymous said...

@4:57: I respectfully disagree. You're talking about 15 YEARS OF YOUR LIFE, which is no small thing.

There are so many great opportunities out there to explore different career paths, make a ton more money, and really do whatever you want with your life, without having the soul-crushing DOE dictating your future for you. It's not worth spending your life getting paid half of your actual worth, just to get a mediocre pension later on.

Guaranteed health insurance once you reach age 55 is an incredible benefit to have. Once you have that cushion of not having to worry about healthcare costs in your old age, it enables you to explore so many wonderful options, where you can truly create your own path and not be simply a cog in an enormous bureaucracy. That's what I did and I couldn't be happier.

Anonymous said...

I think 10 years is enough with the DOE. USE the DOE for what their worth. They don't think anything about using and treating us like garbage. There are many other jobs that offer flexible hours, much higher pay, RESPECT, and the opportunity for a matching 401k that you can manage yourself and retire with a LOT more money