Comment by sseagull | Hacker News Reader

Comment by sseagull | Hacker News Reader

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Don't get me wrong, we are mostly on the same page w.r.t. salaries and what not.

> BTW, what is your university's pension plan like?

Postdocs get the same pension plan/401k plan as any other faculty (postdocs are indeed research faculty). You are also an employee of the state government, with reasonably good health insurance and other benefits. It can't compare to private sector (especially tech sector), but compared to a lot of other businesses, it's fairly good. (Also a downside - lots of bureaucracy from the state legislature).

EDIT: 401k is 5% mandatory contribution, with 8.5% match by the university.

My comment about school teachers was mostly about the salary making them "broke". Lots of people live just fine on that ($50k is about $25/hour full time. Median earnings in the us is around $42k last I looked). Tech is an anomaly.

Now, again, don't get me wrong. I'm not a fan of postdocs, academia is a mess, and I want it change. But I really just wanted to point out that the "simple" solutions are not "simple". They require coordinated action among many stakeholders, and lots of dealing with squishy humans and their emotions.

> Don't get me wrong, we are mostly on the same page w.r.t. salaries and what not.

That's fair. I do think managers have responsibility to their direct reports. The postdoc situation in th US isn't going to change as long as faculty and post-docs continue producing. So, quite seriously, the solution is for faculty and post-docs to collectively say "we can't get work done under these conditions". Otherwise things will just get worse.

> EDIT: 401k is 5% mandatory contribution, with 8.5% match by the university.

This is generous (but also fairly uncommon for post-docs). Good to hear that your uni provides retirement benefits.

> My comment about school teachers was mostly about the salary making them "broke". Lots of people live just fine on that ($50k is about $25/hour full time. Median earnings in the us is around $42k last I looked). Tech is an anomaly.

The huge difference is that post-docs are transitory and require uprooting one's life. $50K with the knowledge that you can buy a starter home is very different from $50K and knowing that you cannot buy anything because you will likely move in 2 years. This also has real human cost. See articles like this: https://www.timeshighereducation.com/postdocs-dilemma-when-g...

Retirement plan sounds basically exactly the same as mine was as a postdoc (and it's probably actually a 403b, not that there's any real difference), though it only took effect after the first year and required you to stay long enough.

As a postdoc I also have the option of contributing to a 403B plan - but my school does NOT match our contributions (specifically for postdocs). For 'regular' employees they match upto 7.5%.

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