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Since the aim of the simulations is to isolate and compare pension plans, the starting salary for professors is held constant across universities.
At starting salary levels above $118,676, the amount paid into the plan is the same.
Because the benefit is capped, the replacement rates begin to fall, ultimately reaching 35.75 % when starting salary reaches $120,000.
The reason is that the employee makes higher absolute contributions on earnings as starting salary increases.
This leaves us with the issue of the starting salary.
We shall not solve the problem by increasing the starting salary.
The average starting salary of an engineer is £15,900, compared with an average starting salary for all graduates of £12,250.
I find that enormously encouraging, although in my judgment the starting salary of a young teacher is still exceptionally low.
Currently the starting salary for a vocational trainee dentist is £25,776 per annum.
That is not a bad starting salary by any standards.
The typical starting salary expected by a graduate has dropped from £18,700 in 2002 to £18,500 this year.
A graduate lecturer's starting salary is £16,000 per annum.
The net starting salary is between £5,000 and £5,600 which is not bad by any standard, and yet university graduates cannot be considered for these posts.
The salary range for the posts is £40,000–£60,000 and starting salary will depend upon relevant skills and experience.
What is the starting salary of a radiographer?
