On a teachers wage, I may never be able to afford a mortgage


#1
https://www.independent.ie/irish-news/education/going-to-college/on-a-teachers-wage-i-may-never-be-able-to-afford-a-mortgage-34523000.html

It begins XX the spiral of demands for ever higher wages.

She should be happy she has a stable job with clear promotion levels and bonuses and a freaking pension, I would kill for both in my area of IT :frowning:


#2

Ah yes, the auld ‘someone else has something and I don’t’ culture is alive and thriving as strong as I have ever seen it in Ireland. As a new entrant she had her difficulties, but did she not benefit from lower house prices in recent years compared to the madness of those entering in the mid to late 2000s?


#3

They should take homes from old teachers and hand them to new teachers 8-


#4

Surprise surprise they fail to mention their salary and the level of mortgage they ‘may never be able to afford’.


#5

OK, so a local 3-bed semi can be had for 220k.

myhome.ie/residential/brochu … 15/3397017

FTB would need 10% deposit (22k).

That leaves 198k for mortgage. 3.5x LTI would require household income of 56.5k.

Two people on the lowest point on the post-2011 scale would earn €28k (~ €1979/mo) each, meeting the LTI requirement.

asti.ie/pay-and-conditions/p … uary-2011/

Mortgage payments would be under a grand a month, or about 25% of NDI.

So not only can she one day afford a mortgage on a normal family house (with a similarly earning partner) but they could do so on the lowest point of the lowest salary scale.

As I read it she would be bumped one point on the scale each year, and in 2016 be earning €34,113.

(admittedly I have no idea how the pension deductions affect net pay, and haven’t attempted to include those, but there still seems to be plenty of headroom)


#6

The only reason new entrants pay was cut was because it was the cut the union would agree to (who gives a sh1t about new teachers - they aren’t union members yet!).

I don’t see any reason that two people in the exact same job should be on different payscales (not just different pay, but totally distinct payscales). Not to mention that those new entrants are further down the ponzi scheme that is the state pension. Teachers nearing retirement will enjoy that pension, but if I was a 22-year-old teacher I wouldn’t be betting on the cash being there to pay that in 45 years.

By the way - why is it “entitlement” when younger people want something, whereas older people looking for something (eg pensioners marching against cuts to the pension that they haven’t even almost paid for) aren’t described in those terms?

tl;dr Ah yes, the auld “back in my day I worked 48 hours a day in the mines, and ate dirt when I was hungry. Young people don’t know they’re born!” culture is alive and thriving as strong as I have ever seen it in Ireland.


#7

2001 all over again. But yeah, the new entrants have been screwed.


#8

Or else just the salaries!

I don’t understand the pay scale for teachers; is a teacher with 25 years experience much better than one with 20 years?Or more likely to be poached into a high flying private sector job


#9

I saw some research from the Gates Foundation once, which suggested that teachers improve either a lot or not much at all for about the first five years and then reach a steady state of competence or incompetence.


#10

The new entrants have not been screwed. They agreed to do the job for the money offered.

It’s the old entrants that have been not-screwed, but benchmarking only goes one way apparently.


#11

The elephant in the room here is as usual, house prices.

30 years ago, a Teacher and a Guard could afford to buy in single digit Dublin post codes. They were sought out by the Banks because of their permanent jobs and security.
Now they have no chance without an inheritance or at least this side of 40.

McWilliams in the Indo yesterday said he recently spoke to a bar owner in D2 who struggles to get good staff anymore as none can afford to live within an asses roar of the area.

Housing is killing the city and killing most of the people who use it


#12

Not in this room. House prices in the Blanchardstown area are reasonable.


#13

I guess you missed the various ‘benchmarking’ exercises known as FEMPI legislation that cut teachers’ pay by much more than they ever got under benchmarking. After 8 years now, a flat €1,000 of that was restored this year.


#14

the downturn is now a fait accompli.


#15

FEMPI wasn’t benchmarking.


#16

Why are older teachers paid more? This is coming from my pocket and yours - why does a 40-year-old teacher get benefits that the 22-year-old will not get? Who’s supporting this? It’s my tax money and I don’t. Do you? Does anyone (other than those who directly benefit)?

Or are the unions (again!) distorting public sector resource allocation in harmful ways?

(In this case cultivating a generation of teachers who rightly resent being regarded as less valuable than their older peers).

Directly tallies with my experience in school.


#17

So she appears to have graduated and secured a permanent job immediately in September 2011.
Which is a little confusing as the major change the pay scale was post February 2012.

Assuming the post January 2011 payscale.

She started on Point 1 which was E28,092.
This September she’ll be on point 6 which is E34,113

On top of that (Being pre-1/2/2012) she should have a few allowances.
A pass primary degree would be worth E1842, an honours primary degree would be worth E4918. There are assorted other allowances it’s likely she can claim.

If she was 6 years teaching but appointed post Feb 2012 , she would be on E39,251 per annum from September.

Am I alone in thinking that’s a pretty good salary?


#18

Exactly ---- it’s the generations of 50yrs old plus who ran up the massive debt load ---- it certainly wasn’t this girl or her contemporaries.
The bailout and NAMA etc. were to save the asses of the vaunted generations, and the cheque was dropped on the young. They write a letter about it and suddenly the right wing spoons come rattling out of the drawer.


#19

More than I earned after 6 years in IT (although that was about 7 years ago)


#20

Not every school in Dublin is in Blanch!