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To: Grampa Dave
The wife is a teacher, they have taken 8.9% out of her pay check for many years; every penny her own money for her retirement which if she teaches until she's 62 will be that 40K retirement and medical coverage doesn't come with that retirement. The only plus is that 8.9% money is not taxed until she retires. Me thinks, she should have bought more gold with it all these years; that 40K might not be worth all that much in a couple years. I'll have to tell her she's a millionaire.

Don't believe all that you read that the teachers get so much. I have a hunting buddy who retired with 36 years of teaching, got $4400/month; most I have heard of.

5 posted on 12/11/2012 11:03:05 AM PST by Eska
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To: Eska

California retired teachers make more in retirement versus actual teachers in 28 states.

http://search.comcast.net/?cat=web&con=betac&q=California+retired+teachers+make+more+money+than+teachers+in+28+states

As one who paid the maximum into Social Security for most of my life and in the 6 paid both sides of Social Security as a self employed independent contractor. Do expect tears from me re some teach instead of paying into FICA paying into the California pension ponzi program.

As for your buddy with his only $44,000 yearly pension. To get that annuity on the outside, he would have to had at least $750000 to buy an annuity. That didn’t happen in the ponzi retirement system of California. I have pinged Sierra Wasp for more specifics on what the rest of us at about age 56 would have to pay to get $44,000 per year.

http://search.comcast.net/?cat=web&con=betac&q=California+retired+teachers+make+more+money+than+teachers+in+28+stateser

Sorry, the government present and retired employees of Californicator keep electing the rats, who in turn $crew the rest of us to pay for their wages, retirement and health care.

No sympathy here


7 posted on 12/11/2012 1:12:18 PM PST by Grampa Dave (Tagline space for rent to pay for some of my extra taxes the next 4 years!)
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