Previously we told you
that it was time to make a career move to the MTA. Sure, the hours are long, but you could while them away with dreaming of your massive pension. Forget that: public education, now that's where the money is. Bloomberg News reports that Long Island school superintendent James Hunderfund is entitled to a net salary of around $540,000 from the combination of his $316K pension he earned at a previous job along with his current $225K salary from the Malverne school district.
Granted, the report detailing Hunderfund's possible salary was completed by the Empire Center, who is owned by arch-conservative think tank the Manhattan Institute. And "less than 1 percent of retired New York educators are entitled to annual retirement pay of at least $100,000," while "the average pension for educators retiring in 2010 was $52,270." So what? $540,000!
A spokesman from the New York State United Teachers told Bloomberg, "What a surprise—an interest group representing Wall Street wants to reduce government spending." Hey, watch it with the sarcasm, teach! "All this report does is perpetuate myths about public pensions." Maybe, or maybe becoming an educator is the quickest way to get rich other than selling stuff for the Trump Network.
