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Teaching overseas- time for a reality check?

Last post 13/02/12 at 12:32 by yasimum, 35 replies
Post started by nedkelly on 02/02/12 at 12:30

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    Posted by: nedkelly 02/02/2012 at 12:30
    Joined on 19/09/2009
    Posts 722

    If you are even just a smidgen like me then you are a real sucker for that overseas post, even in one of those so-called lower tiered international schools. Yep, the add, the interview the promises, and full of anticipation with just a dash of romanticism, you take up the position. But soon the reality of your situation seems to hit home. The contract is not binding, at least to the school, the resources are woefully inadequate, and insufficient, colleagues with the same teaching load, or less, getting paid more than you, and that wonderful apartment with a view of the city lights promised at interview.. Well, what about a cockroach infested two room hole, with the smell of fetid garbage wafting through the dank air, and a great view of err well, the local tip!


    Yes, I know, maybe ol' ned is just a bit too fussy these days, but how many of us end up totally peed off with our appointment, and have definite regrets about taking up an OS post. Is chasing that dream of being an international educator really worth it? Are we losing out in the long term because we are blinded by some romantic notion that living in a foreign country and immersing in the local culture is somehow worth it. Financially, and in the long term, it can't be! At least my former colleagues back in aus can look comfortably to the future and the promise of retirement funded by a generous pension scheme. But no such thing exists for us OS pedagogues, and to add insult to injury I don't know of any international schools who employ teachers once they reach 60, regardless of experience or ability-but please correct me if I am wrong in this regard. Food for thought , yes a reality check indeed! Your comments please.

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    Posted by: miketribe 02/02/2012 at 15:01
    Joined on 18/05/2004
    Posts 327

     I'm 62 and still working and hope to retire at 65 with a very nice pension, thank you very much...

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    Posted by: the hippo 02/02/2012 at 15:31
    Joined on 30/04/2008
    Posts 2,151

    Retiring in the UK is a bad idea. My pension will go a lot further in Bulgaria and I shall also have a hobby in my old age: learning the lingo!

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    Posted by: rednelly84 02/02/2012 at 17:07
    Joined on 11/09/2006
    Posts 478

    It's not all bad.  Yes I work bloomin' hard to earn my salary but, and this is the most important thing, I have a life working and living overseas.  A social life was something I used to have back in my student days when living in the UK so it's great to have one again.  I'm also managing to save for the first time in my 27 years!  Can't see any reason to hurry back to the UK.

    I do agree there are some dodgy places in the world and was in one of those last year. If it wasn't for my social life, I wouldn't be working where I am now and thoroughly enjoying myself.

    Smile 

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    Posted by: nuts88 02/02/2012 at 19:24
    Joined on 13/12/2009
    Posts 36
    I currently work in Germany for SCE, so I have the best of both worlds, this being, an overseas experience plus the teacher pension. However, I am blissfully aware that this will not last forever, as the MOD are preparing to leave Germany. At the moment, I can't imagine working back in the UK and fully intend to go further afield when we finally get booted out. But, if I was to be honest, I do worry about stepping out of the "pension" security blanket and would like to hear from other teachers abroad who have experience of the value of their "overseas pension schemes". Do they offer anywhere near the same security, or do you have to save, save,save in order to have the financial "nest" come the age of 60-65?
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    Posted by: johnio 02/02/2012 at 21:04
    Joined on 06/10/2009
    Posts 26
    Hi nuts88 I have taught for 20 years and will be taking my first overseas post next September; my plan is to work overseas for several years and then return to the UK and pay off my mortgage and purchase another property, which I intend to let out and thus bring in an additional income. In the present crisis, which may be with us for the majority of the first half of this century, I think it is wise to put money in to physical assets with repository value as opposed to investment funds. I certainly don't regard pensions as a 'security blanket'! In the current crisis anything is possible, and I would't rule out economic martial law, which is already being hinted at in America - not surprising with a 15 trillion $ debt! http://www.businessweek.com/magazine/content/11_19/b4227004622477.htm http://www.forbes.com/sites/rickungar/2011/04/16/gov-scott-walker-reportedly-planning-financial-martial-law-in-wisconsin/ http://www.geraldcelente.com/ Regards Johnio
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    Posted by: johnio 02/02/2012 at 21:13
    Joined on 06/10/2009
    Posts 26

    Hi nuts88

     I have taught for 20 years and will be taking my first overseas post next September; my plan is to work overseas for several years and then return to the UK and pay off my mortgage and purchase another property, which I intend to let out and thus bring in an additional income.

     

    In the present crisis, which may be with us for the majority of the first half of this century,  I think it is wise to put money in to physical assets with repository value as opposed to investment funds. I certainly don't regard pensions as a 'security blanket'!  In the current crisis anything is possible, and I would't rule out economic martial law, which is already being hinted at in America - not surprising with a 15 trillion $ debt!

     

    http://www.businessweek.com/magazine/content/11_19/b4227004622477.htm

     

    http://www.forbes.com/sites/rickungar/2011/04/16/gov-scott-walker-reportedly-planning-financial-martial-law-in-wisconsin/

     

    http://www.geraldcelente.com/

     

    Regards

     

    Johnio

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    Posted by: nedkelly 03/02/2012 at 10:02
    Joined on 19/09/2009
    Posts 722

    [q

    johnio:
    I think it is wise to put money in to physical assets with repository value as opposed to investment funds. I certainly don't regard pensions as a 'security blanket'! In the current crisis anything is possible

    Good comment!...and sadly I tend to agree. There is no guarantee that retirees will reap the benefits from years of savings into a pension fund,especially government based funds. Given the aging poulations in most western countries,  an ever shrinking tax base, and vastly increased  costs, it simply may not be possible for governments to fund retirees to the extent anticipated in todays market. Even in aus which is relatively better off than most countries in the current crisis, some  politicians and social analysts are already warnig of such a future scenario. Bricks and mortar seem one of the safer,more viable alternatives, especially if you are lucky enough to own an investment property.

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    Posted by: the hippo 03/02/2012 at 12:00
    Joined on 30/04/2008
    Posts 2,151

    What should be done re. retirement for an international teacher? Collect together large piles of cash? Put it all into property? Investments? Well, I would advise retiring to a country that has a significantly lower cost of living. In the UK, you still have to pay most of your Council Tax after retirement (and it is bound to go up because of the flipping Olympics). Petrol costs the same, even though you are retired. VAT applies to the general public and to OAPs. Car tax and parking will cost the same in the UK, whether you are retired or not.

     

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    Posted by: nedkelly 03/02/2012 at 20:35
    Joined on 19/09/2009
    Posts 722

    the hippo:
    I would advise retiring to a country that has a significantly lower cost of living.

    .yes Hippo it is a sorry state of affairs indeed when someone cannot afford to retire in their own country. I might do the same in a few years, I hear the cost of living is pretty cheap in eastern Siberia.But not sure about the winters.  Are stoppers, FP and the captain still around?

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