By Vicki on Make Smarter Decisions
It might not seem like a big deal to change jobs throughout your career now, but it used to be more the norm for people to work for the same company for 30 or 35 years before retiring. And in teaching, it is still the norm for many.
I earned my Bachelor’s degree in three years and stayed a fourth year to get my M.S. degree. A few days after graduation, I was hired as a high school science teacher – just a month after my 22nd birthday. It was the fall of 1989 and my plan was to teach until I was 55 and then retire. That’s just what teachers did unless they moved out of state or changed careers.
In my retirement system tier, I’d have more than 30 years of service by then and I could collect my pension. The “golden handcuffs” keep many teachers tied to the same state and losing seniority, tenure rights, and your step on the pay scale often keeps teachers in the same district.
There are advantages to staying in one job for 30+ years. A few of them include…Read More