The left-wing media establishment is busy focusing on teacher pay, but they should spend some time talking about teacher benefits.
Salaries were a $5.9 billion state expenditure last year. The latest expenditure reports published by the N.C. Department of Public Instruction shows that $2.2 billion (25.6 percent of all state education expenditures) were used for employee benefits. That includes $986 million for retirement, $433 million for Social Security contributions, and $734 million for health insurance.
|Employer’s Social Security – Regular||$432,684,016||4.98%|
|Employer’s Retirement – Regular||985,668,538||11.35%|
|Other Retirement Cost||24,105||0.00%|
|Employer’s Hospitalization Insurance||734,208,909||8.46%|
|Employer’s Workers’ Comp Insurance||45,327||0.00%|
|Employer’s Unemployment Insurance||4,388||0.00%|
|Employer’s Dental Ins Cost||–||0.00%|
|Employer’s Life Insurance Cost||–||0.00%|
|Other Insurance Cost||2,235||0.00%|
|Bonus Leave Pay||1,741,903||0.02%|
|Short Term Disability Pay||1,167,351||0.01%|
|Annual Leave Pay||39,827,064||0.46%|
|Short Term Disability Pay – First Six Months||4,782,600||0.06%|