Most pensions are not purely free money. Employees are usually required to contr... | Hacker News

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		jltsiren 49 days ago \| parent \| context \| favorite \| on: Unbound Academy hasn’t replaced teachers with AI Most pensions are not purely free money. Employees are usually required to contribute a nontrivial fraction of their nominal salary towards the pension. For SFUSD, the typical rate seems to be 9%.

rahimnathwani 49 days ago [–]

Yeah, I think they pay about a third of the total contributions.

But the state also steps in to pay for any shortfalls. So I think effectively pay less than a third of total contributions.

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