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Old 01-29-2012, 10:06 AM
 
Location: Long Island
33,015 posts, read 13,929,165 times
Reputation: 7026

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It's going to be tough for these administrators to criticize the newly proposed Tier 6 Legislation.

"The number of retired public school superintendents and other top administrators drawing $100,000-plus government pensions in New York State jumped 45 percent in the past year -- and more than three out of every five are from Long Island.
There were 1,743 retired school administrators with six-figure pensions across the state in 2011compared with 1,202 in 2010. "


The comment below just struck me as extremely funny, not to mention someone who is totally out of touch. Did he really say this or was he misquoted, from Syosset no less.

"Jeff Rozran, president of Syosset's teachers union, said smaller pensions would force an increasing number of Long Island's future retirees to move to less expensive areas of the country, with a potential loss to the Island of billions of dollars in retirement spending."


High pensions for retired school officials


Tier 6 Proposal
Governor Cuomo Introduces Pension Reform Legislation | Governor Andrew M. Cuomo
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Old 01-29-2012, 11:33 AM
 
Location: under the beautiful Carolina blue
16,792 posts, read 25,864,794 times
Reputation: 12727
Is Newsday running out of stories? It's just the same thing, different year.

I did chuckle over that union guy's comment, though. Yes, billions of dollars lost.
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Old 01-29-2012, 11:36 AM
 
128 posts, read 218,727 times
Reputation: 164
What does this do for taxpayers over the next ten years? Nothing. This is screwing the new crop of future employees to pay the excesses of current ones. Why do teachers only pay for health insurance for their first 10 years on the job? Why do county workers pay nothing for health care? That needs to change, now, to see any relief on our taxes.
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Old 01-29-2012, 12:37 PM
 
886 posts, read 2,245,589 times
Reputation: 893
What's sad is the "leader" in the district I work in is retiring after being Superintendent since 2003. His salary is over $300k so I am guessing he'll be bringing in over $200k a year in retirement.Meanwhile district is talking about laying off janitors and cafeteria aides. Aw heck....who needs clean schools and adult supervision at lunch? Don't suggest teachers do it.....they bargained that duty out of their contract because the BOE are idiots.
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Old 01-29-2012, 01:46 PM
 
47 posts, read 78,117 times
Reputation: 41
Why can't the public sector convert all pensions to 401(k) type of retirement plan? It could save a lot of trouble down the road.

Also even if they can't convert existing pensions, then why can't they just use 401(k) for all the new hires?
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Old 01-29-2012, 02:31 PM
 
4,135 posts, read 9,419,977 times
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Quote:
Originally Posted by sun12 View Post
Why can't the public sector convert all pensions to 401(k) type of retirement plan? It could save a lot of trouble down the road.

Also even if they can't convert existing pensions, then why can't they just use 401(k) for all the new hires?
Public employees have pension and can save for retirement as well.

Public employees can only have a Roth or 403(b), not IRAs or 401(k). We had to be over 59 /12 before we could change the 403 (b) into real IRA. That just refers to money you SAVE on your own. It isn't the pension.

The pension is run by the retirement system. You can't just tell them to dispense all the pension money and have people put it into IRAs based on what an actuarial table says they'd be due over a lifetime /or/ throw it back to people who are still working. The money is there. It is a fully funded system (teachers anyway).

Changing the system? Well, that is by retirement tier
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Old 01-29-2012, 04:26 PM
 
1,601 posts, read 2,012,277 times
Reputation: 1139
Not to defend the fellow quoted but none of the big pensions referenced in today's Newsday are from Syosset's teachers - I think the quote is from the head of the teachers union in Syosset and he probably earns about 1/4 the salary of the Syosset superintendent. She, of course, will be collecting quite a pension when she retires.
I have been wondering why the superintendents and other well paid administrators are a part of the Teachers Retirement System in any case. Most of them started as teachers but long ago left the classroom. Rumor has it they couldn't hack it in the classroom but that is another story.
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Old 01-30-2012, 06:09 AM
 
1,735 posts, read 2,958,217 times
Reputation: 1160
Quote:
Originally Posted by Goodnight View Post
It's going to be tough for these administrators to criticize the newly proposed Tier 6 Legislation.

"The number of retired public school superintendents and other top administrators drawing $100,000-plus government pensions in New York State jumped 45 percent in the past year -- and more than three out of every five are from Long Island.
There were 1,743 retired school administrators with six-figure pensions across the state in 2011compared with 1,202 in 2010. "


The comment below just struck me as extremely funny, not to mention someone who is totally out of touch. Did he really say this or was he misquoted, from Syosset no less.

"Jeff Rozran, president of Syosset's teachers union, said smaller pensions would force an increasing number of Long Island's future retirees to move to less expensive areas of the country, with a potential loss to the Island of billions of dollars in retirement spending."


High pensions for retired school officials


Tier 6 Proposal
Governor Cuomo Introduces Pension Reform Legislation | Governor Andrew M. Cuomo
Now you know why our taxes are insane! Not to mention the healthcare cost we pay for them too. A basic HMO is $1200-$1400 (with 10-20% increases per year)
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Old 01-30-2012, 06:12 AM
 
7,658 posts, read 16,718,385 times
Reputation: 1298
Quote:
Originally Posted by Goodnight View Post
It's going to be tough for these administrators to criticize the newly proposed Tier 6 Legislation.

"The number of retired public school superintendents and other top administrators drawing $100,000-plus government pensions in New York State jumped 45 percent in the past year -- and more than three out of every five are from Long Island.
There were 1,743 retired school administrators with six-figure pensions across the state in 2011compared with 1,202 in 2010. "


The comment below just struck me as extremely funny, not to mention someone who is totally out of touch. Did he really say this or was he misquoted, from Syosset no less.

"Jeff Rozran, president of

Syosset
's teachers union, said smaller pensions would force an increasing number of Long Island's future retirees to move to less expensive areas of the country, with a potential loss to the Island of billions of dollars in retirement spending."


High pensions for retired school officials


Tier 6 Proposal
Governor Cuomo Introduces Pension Reform Legislation | Governor Andrew M. Cuomo
Ahem...

Job Creators.

Crooks
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Old 01-30-2012, 07:19 AM
 
Location: Long Island
33,015 posts, read 13,929,165 times
Reputation: 7026
Quote:
Originally Posted by Crookhaven View Post
Ahem...

Job Creators.

Crooks

Yes, actually part of the 1%.
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