[Racehorse]

Looks like short run burps in the stock market can have adverse impact on retirement payouts.

[Cagey]

Pensions would be reduced for some public school employees under legislation Governor Rick Perry has signed into law.

It's good to know there is at least one Governor who is not intimidated by the teacher's union.

[68skylark]

Looks like short run burps in the stock market can have adverse impact on retirement payouts.

Don't believe the hype. I'm a professional retirement actuary, and I don't think it's fair to blame the stock market for lots of other mistakes by the people who run these plans, driven by their greed. Overall, stocks have been a great investment over the last 10 to 20 years.

I'm not commenting on Texas specifically, but lots of public retirement plans are a terrible scam on the taxpayer unfortunately -- there are a hundred ways that politicians "game" the system, and if any citizen or reporter can discover 25 of them you're a genius.

[BIGZ]

Why can teachers in Tx. be allowed to opt out of Social Security? Want to fix Social Security, no private plans for public employees, all employees in the United States public and private should be in the SS plan.