Disir
Platinum Member
- Sep 30, 2011
- 28,003
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Are teachers in it for the money and the bennies and screw the kids? I think that's your point. What happens if ...gasp...teachers have to contribute to their own retirement ? Will they quit in droves and find another job that gives them the whole summer off? Don't make me laugh.
They are. At least the experienced ones are.
You get paid for x amount of days. Now, you have 2 choices. You can take your pay in whole for those days and ration it out yourself over the summer or you can have x amount paid out to you so that you receive that income over the summer. If it is humanly possible, many teachers try to work through the summer for those districts that have summer school in order to deal with the time out.
As far as I know, and I could be wrong, teachers actually have a portion taken out every check that contributes to their retirement. The bad thing is that many may find themselves in not being able to control what is being taken out. Like so: Let's take 1.5% is withdrawn from the employee towards their retirement but because of the way it is set up that money goes to an account where "financial wizards" are allowed to gamble with your money.
This means that you are prohibited from saying: I don't want to gamble with my money. I want to enter it into a strict savings account---you are prohibited from doing so.
that sounds like a good plan.