Pension Tension
You will have a hard time finding an educator say they entered the profession for the money. But for most public educators across the nation, the reward for a long, successful career is a pension. Knowing there was a pension, many educators have not had to give a second thought about finances in life after teaching. What if I told you though that the teacher pension debt nationwide stands at $516 billion dollars as of 2016? Would you begin to grow concerned? April is Financial Literacy Month, so in today's episode, I'm joined by pension expert Dr. Zakry Standerfer. Together we take a quick pulse on what's happening to pensions throughout the nation and more importantly, what it means for educators. Teaching is still a viable option for a stable career, but we need policy makers to recognize this and properly fund pensions for public workers. Checkout www.escottengland.com for more information and resources from this episode.