The latest issue of Commonwealth reports that the average teacher salary in the city of Boston is over $71,000 a year.
That’s $71,000 a year for a part-time job – this doesn’t take into account earnings during the summer, for example.
And check out this article by Janice Revell, Money Magazine senior writer, who reports on the city of Vallejo, California’s decision to declare bankruptcy as a result of its staggering public pension debt.
As Ms. Revell reports, Massachusetts is one of the three highest profile examples of similar problems, South Carolina and Pennsylvania being the other two.