Teachers are underpaid and to compensate for this, they get a good pension. Sort of "short term loss for long term stability" rationale only possible because public sector usually has "jobs for life" and if they don't, they lose a large chunk of their pension plans.
Majority of the teachers if they were in the private sector (in other jobs as well) would easily be earning double their salary, which in turn, can pay for very good pensions anyway. Big down side to this, we have a shortage of good teachers already, you want to get rid of more or as Rob said "Make it financially unreasonable to even consider teacher as a career".
So what you have is people who are underpaid and only compensated with their pension, having a big reduction to their pension.
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