Posted on 01/28/2015 5:49:29 PM PST by Tolerance Sucks Rocks
In Illinois, the teachers pension system is the worst shape because of pension spiking. Many teach for 25 years and then become an administrator for 5 years at double the salary. On a money purchase formula they would retire at lets say 50K instead of 100K. Illinois stopped the worst of it about 10 years ago, but the damage was done.
I have no problem with these pensions being tossed altogether; anyone who thinks the municipalities that employed the parasites are going to (or will even be able to) foot the bill is delusional.
Here in NJ we have a situation where current taxpayers are squeezed to pay for “services” rendered decades ago, while little is left for current services; the result is flight from the toxic IOUs these municipalities have incurred, and they degenerate into cesspools of illegals and welfare populations (neither of whom pay taxes in any way, shape, or form).
NJ, NY, and CA are screwed because there is a huge disincentive to come and make money there (either as an employer or employee).
Death panels should help in solving this problem..
As students have not been educated to even the most minimally acceptable levels for generations, and as teachers knew they were not educating their students, teachers have:
1. Improperly enriched themselves.
2. Committed a massive fraud upon the taxpayers.
3. Knowingly advanced students who had not mastered the course material taught by said teachers.
4. Participated in education curriculum which favored socialism ofer American Constitution bounded government.
Consequent to the actions of said teachers:
1. Generations of students were not educated.
2. Said students were then unable to find gainful employment due to their inadequate knowledge/skills.
3. Teachers have, by their dereliction of their duties as educators, a liability due to the degraded students they claimed to educate, but in fact did not so educate.
Conclusion:
1. Teacher pension benefits may be legally rescinded because such benefits were fraudulently obtained.
2. A case can be made that assets of teachers may also be forfeit because they were obtained by fraud.
Recommended Actions:
1. Reduce or eliminate teacher pensions.
2. A national discussion should be held to ascertain what should be done to address the issue of teacher assets improperly/illegally acquired.
What I think is if the teachers (like Eastern) have bargained for unaffordable pension benefits that bankrupt the state, county or town they should have their pensions cut to the maximum covered by the PBGC? They should be treated the same.
Maybe, but I suspect the death panels will first target those without assets to seize.
I have a friend who has been receiving $80,000 a year pension since she retired from teaching special ed. That is Tier One, supposedly, and the current retirees are not getting that much.
Imagine the municipalities that have to pay those pensions while at the same time paying the new special ed teachers...
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