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To: dhs12345
An “educator’s pension” is VERY GENEROUS.

Not in Texas. His is higher due to having been a principal.

43 posted on 10/17/2019 11:57:47 AM PDT by al_c (Democrats: Party over Common Sense)
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To: al_c
Not in Texas. His is higher due to having been a principal.

Here is my educated guess of what is going on. Let's say his average salary was $80K for the last 5 years when he retired at 55. This would give him a pension of ~$46K a year. Since the retirement system offers health insurance, he and his wife are not eligible for Obamacare subsidies. The TRS insurance premiums are ~$700 per month for a couple. It looks to me like they weren't financially ready to retire, but decided to do so..

61 posted on 10/17/2019 12:29:34 PM PDT by EVO X
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