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Old 01-02-2012, 07:36 AM
 
303 posts, read 766,808 times
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To Retriever, check your facts before u accuse, retired teacher banking $170K/yr, sweet deal if u can get it:

The Associated Press: Public retirement ages come under greater scrutiny
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Old 01-02-2012, 07:38 AM
 
24,511 posts, read 34,130,468 times
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Quote:
Originally Posted by PeterPickle View Post
To Retriever, check your facts before u accuse, retired teacher banking $170K/yr, sweet deal if u can get it:

The Associated Press: Public retirement ages come under greater scrutiny
Can you find a relevant example from NJ?
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Old 01-02-2012, 07:51 AM
 
13,566 posts, read 16,072,401 times
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Quote:
Originally Posted by NJBest View Post
Can you find a relevant example from NJ?

Exactly.
This is the NJ forum, and we are discussing NJ--not Ohio.

I don't claim to be familiar with the pension system of the state of Ohio, so I can't comment on it.
However, I am familiar with the pension system in the state of NJ, and the highest-paid NJ teacher-pensioner with whom I am familiar (Doctorate in Mathematics, 49 years of service) gets ~$5,800 per month--a far cry from that $8k figure. I am also aware of teacher retirees from NY state who receive pensions far higher than NJ retirees with the same amount of service.

If you can find an actual case from NJ about a retired teacher who is receiving $8k per month, please post it. I doubt very much that you will find it, however.
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Old 01-02-2012, 08:04 AM
 
2,391 posts, read 1,940,498 times
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Peter- this is from 2010-“The average teacher pension in New Jersey is just over $36,000, and that’s after an average career of 35 years, during which they contribute 5.5 percent of their salary each pay period.

They now contribute 6.5% and it is going to 7.5%
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Old 01-02-2012, 08:14 AM
 
Location: Little Pond Farm
559 posts, read 1,180,099 times
Reputation: 495
Do what my husbands niece did...........24 years old Kindergarten teacher. Applied for low income housing in the town she taught in, bought a beautiful condo that was in an complex of big bucks condos with some LI set aside. Lived there for 2 years then sold it.........
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Old 01-02-2012, 08:20 AM
 
2,391 posts, read 1,940,498 times
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caspar- not that it matters in this real estate market but if you qualify for a low income condo in a nice development your appreciation is capped. If the units are popular and the prices rise substantially the low income unit is not able to be sold for any price.
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Old 01-02-2012, 09:39 AM
 
13,566 posts, read 16,072,401 times
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Quote:
Originally Posted by tom1944 View Post
Peter- this is from 2010-“The average teacher pension in New Jersey is just over $36,000, and that’s after an average career of 35 years, during which they contribute 5.5 percent of their salary each pay period.

They now contribute 6.5% and it is going to 7.5%

Tom--Don't confuse Mr. Pickle with facts. He has his mind made up, and nothing will likely budge him from his distorted reality.
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Old 01-02-2012, 10:14 AM
 
338 posts, read 604,381 times
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Please note that the person in the article with the $170M pension spent 36 years as a teacher and administrator - It doesn't state how many years were in administration, or what the position was. That may account for the high number.
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Old 01-02-2012, 10:33 AM
 
24,511 posts, read 34,130,468 times
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Quote:
Originally Posted by fay111 View Post
Please note that the person in the article with the $170M pension spent 36 years as a teacher and administrator - It doesn't state how many years were in administration, or what the position was. That may account for the high number.
Either way.... it was a high position.
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Old 01-02-2012, 11:08 AM
 
1,920 posts, read 2,881,399 times
Reputation: 911
Either way it was in Ohio and the facts are not out for us to see them. I know soundbites sound great on both sides but they are usually not true. Teachers have nice jobs and I am sure the majority are very happy with them but they do contribute into their pensions. Actually in NJ they contribute more then in a lot of other states. Again not saying its a bad deal but when you listen to soundbites all the time you really dont get the reality of the situation. This works on both ends. When they mention those fake pensions payments do they talk about the fact is takes around 15 to 25 years to get to the top? Again lets be honest and stop listening to soundbites it would help people's arguments a lot more.
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