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Teachers And Social Security
With all the noise about teacher pensions (lately it’s more noise than signal) it’s interesting that Social Security receives so little attention. Social Security impacts teacher retirement and is also an illustrative comparison point in terms of the decisions facing policymakers. About 40 percent of teachers are not covered by Social Security because they teach in jurisdictions that have not elected to participate in Social Security. This means these teachers don’t contribute to the Social Security system (7.65% of their income up to $117,000 this year with a corresponding 7.65% contribution from their school district) and they don’t earn Social Security credit toward retirement benefit...Read More