Retired Teachers collect over $200k Per Year from Gov Pension Funds

Discussion in 'Economy' started by KissMy, Apr 13, 2010.

  1. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,062
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,921
    3,090 retired California educators take home $100,000-plus pensions
     
    Last edited: Apr 13, 2010
  2. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,772
    Thanks Received:
    12,766
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,719
    And some school districts are considering shortening the school week for kids to pay for this.

    How lovely.
     
    • Thank You! Thank You! x 1
  3. Samson
    Offline

    Samson Póg Mo Thóin Supporting Member

    Joined:
    Dec 3, 2009
    Messages:
    27,357
    Thanks Received:
    3,742
    Trophy Points:
    245
    Location:
    A Higher Plain
    Ratings:
    +4,210
    The OP is very misleading, and unfortunately, anti-teacher.

    It should read RETIRED SCHOOL ADMINISTRATORS collect $200K+ from Gov't Pensions.

    There's a HUGE fucking pay difference between administrators and teachers.

    Also, Gov't Pensions are often paid at 100% after 21 years.

    This means a 21 year old 2nd LT at age 42 would retire from the Army (probably as a Lt. Col, and then could retire AGAIN after 21 years in education as a principal (at age 63).

    Frankly, after 42 years of public service, I'm pleased that these people can retire with $200K/year retirement income. THEY DESERVE IT. On the other hand, how many Wall Street Bonii were paid over $200K this past year?
     
  4. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,772
    Thanks Received:
    12,766
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,719
    No, they don't deserve it. That amount of retirement is the equivalent of having $5M in retirement savings. No comparable jobs in the private sector amass that amount of wealth - for public employees to do so is rapacious.
     
  5. Samson
    Offline

    Samson Póg Mo Thóin Supporting Member

    Joined:
    Dec 3, 2009
    Messages:
    27,357
    Thanks Received:
    3,742
    Trophy Points:
    245
    Location:
    A Higher Plain
    Ratings:
    +4,210
    What compares in the private sector with being an army officer for 21 years?

    What compares in the private sector to being a middle school principal?
     
    • Thank You! Thank You! x 1
  6. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,062
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,921
    I am not anti teacher. My beef is with the tax payers backing pension funds. These pension funds invested in subprime loans, lost their ass & now still pay-out millions to state workers. What about my retirement? Who is backing my loss? The best the average citizen gets is an $100k FDIC bank account.

    Clinton & a bi-partisan congress took away the barriers preventing government backed money from risky & junk bonds so it could be lent to subprime borrowers to further his affirmative action housing agenda. Now the government employees get bailed out & the average citizen is left holding the bag.
     
  7. Samson
    Offline

    Samson Póg Mo Thóin Supporting Member

    Joined:
    Dec 3, 2009
    Messages:
    27,357
    Thanks Received:
    3,742
    Trophy Points:
    245
    Location:
    A Higher Plain
    Ratings:
    +4,210
    If you weren't anti-teacher, then you should have been more honest in the thread's title.

    TEACHERS don't retire to $200K/yr salaries

    All you are doing is disparaging teachers, who deserve the salaries with which they retire.
     
    • Thank You! Thank You! x 1
  8. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,772
    Thanks Received:
    12,766
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,719
    As much as I respect military service, someone retiring in his 40s can still have a career doing something else. There should be a reasonable pension for those 21 years of service - $200K sounds excessive to me.

    That's a management job. Period. Such public employees should be under the same SS and 401K system as the private sector.
     
  9. Luissa
    Offline

    Luissa Annoying Customer Supporting Member

    Joined:
    Sep 7, 2008
    Messages:
    43,190
    Thanks Received:
    5,593
    Trophy Points:
    1,785
    Location:
    TARDIS
    Ratings:
    +5,664
    So one guy makes over 200,000? Your title is misleading.
     
  10. Samson
    Offline

    Samson Póg Mo Thóin Supporting Member

    Joined:
    Dec 3, 2009
    Messages:
    27,357
    Thanks Received:
    3,742
    Trophy Points:
    245
    Location:
    A Higher Plain
    Ratings:
    +4,210
    A management job....like, who in the private sector?

    At any rate, the $200K/year isn't after JUST 21 years. the military retiree might receive 100% of his salary after 21 years of service. Say $50K/year. THEN he can get a job as a school administrator. Say $60K/year. Then he can work 21 years and RETIRE AGAIN with $50K + $150K/year = $200K/year

    And it certainly isn't as if he sat on his ass, playing the market for it.
     

Share This Page

Search tags for this page

teachers collect 200 g retirement