Sunday, September 5, 2010

Early retirement

According to the Department of Education, 1,800 New York City teachers who lost their jobs earlier this year have yet to apply for another job in the system or attend fairs for recruitment, despite the fact that there are 1,200 openings. Perhaps their apathy and poor self-motivation (sounds like someone's getting sent to the guidance counselor's office) stems from the fact that New York is the only city in the U.S. where teachers are guaranteed pay for life even if their school closes and they no longer have a permanent job. The policy costs the DOE more than $100 million per year in salary and benefits. Those teachers go into the Absent Teacher Reserve pool, where they can be used as substitutes. The average salary for an ATR pool teacher? $82,000, with some making $100,000. Some teachers have been in the pool since 2006.
--New York on the ultimate unemployment insurance

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