When you work alongside teachers who are Tier-1 retirement and they are lazy as _____ and have seniority and snipe all of the addendums, it is very hard as a Tier-3 retirement teacher to not feel massively undervalued.  Also, watched Tier-3 retirement account dip to next to nothing once on a market downturn.  Nothing but sheer panic watching years of life dissipate into nothingness.  But heck, at least the fund managers made their money...