Option A = $45,001 to start, increasing by more than $1,500 each year ($45,001 … $46,766 … $48,573 …)
Option B = $50,100 to start, increasing by $900 each year ($50,100 … $51,000 … $51,900 …)
Well, if we choose Option B, we will make more money upfront. However, thanks to its larger annual increments, it’s not long before we are making more money each year with Option A and significantly more money over the course of a 30-year career.
Now, if you’re wondering why the Salt Lake City School District (SLCSD) and its teachers are at an impasse over salaries, here’s why: The teachers currently have Option A and want a 6% raise, and the district will give them a 6% raise if they switch to Option B.