First let me correct you. Didn't I share with you the evidence of my ex-employer in previous posts? I did leave, and now work at my current employer. I'm still collecting pension credits until the end of the year, new hires do not get them and haven't gotten them for the last 5yrs.
At the end of the year I'll have a decision to make, and may very well be that I move on to another job elsewhere. Of course, I would compare the pay & benefits across the potential employers in the private sector at least until I hit 50 which is about the age that corporate America doesn't want you around any longer, at that point I'll be weighing my options in the public sector.
I have no control over how any pension money is invested by my employers. Pension plans are not a 'perk' it's used as a part of an overall comprehensive compensation plan to compete with other businesses for the same talent pool. And my previous employer's pension plan was 2.5X lower than your STRS. I doubt my pay was much higher than yours at the time.
Social security? I don't fantasize that SS will be around. It's been over a decade since I used SS in any calculation related to retirement. And you've already been corrected on SS above, so I see no need to do it again.
I doubt you've "caught" anyone. Can't even seem to "catch" another job besides the one you hold.
What would happen? We reschedule. It's interesting that you should mention that today. As I just called a client that we've been playing tag with for 6 months. Though I rarely forget a meeting, I did forget one with the Australia team just last week. It was rescheduled for today.
I notice that you still didn't answer my question. Why don't you leave? If you're mad, and private sector pay is so much higher, why don't you leave?
Why do you refuse to address such a simple question?
I suspect that the best and brightest teachers do leave for the private sector for higher pay as you've noted that most leave in the first 5yrs.
Then there are those that enjoy the job security, safety, benefits, work hours, 2-3 months summer vacations, and there's only one thing that would make it all better, more money, but instead of doing the hard work of looking for a better paying job and working in the private sector, you misuse the force of unions to extort higher pay.
As for some of your answers that included perhaps the district is holding back pay for other programs and future years, what's wrong with that? It's called saving some money for a rainy day. You claim those other programs don't require that much money. How do you know? Have you seen the numbers? Do you know what other potential plans the district has for that money?
Maybe it's a program to improve the students educational performance. Would you be against that? Well, I suppose the answer is obviously yes as you're willing to leave students without a teacher and go strike over 0.66%. What's that? $30? Nice public service philosophy.