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Not necessarily. From time to time pension systems have offered retirement incentive packages. Usually you get a month for each year of service up to a certain limit, and you can retire earlier than usual but take a penalty for each year underneath the normal retirement age. Perhaps the MIL was one of those.
True. The company I worked for had a "rule of 80" i.e. your age plus years worked and you could retire. So if I was 50 and had 30 years with the company I would be eligible for early retirement. There would have been a reduction in my pension amount but I could still collect it.
And that's just the teachers. The total unfunded liability for PERS, teachers, police & firemen is 145 Billion dollars.
There are only 3 million households in the state. That means each household owes about $50,000, on top of all their current tax liability to keep every other service going. This is just to bring the pension funds up to funded levels at this moment in time.
Can anyone give us the other reasons why thousands more people did not desire to become teachers, but now serve as critics of that profession?
Can anyone give us the other reasons why thousands more people did not desire to become politicians, but now serve as critics of that profession?
Can anyone give us the other reasons why thousands more people did not desire to become policemen, but now serve as critics of that profession?
Can anyone give us the other reasons why thousands more people did not desire to become professional football coaches, but now serve as critics of that profession?
Can anyone give us the other reasons why thousands more people did not desire to become fast-food workers, but now serve as critics of that profession?
Etc.
So, in your myopic view, only TEACHERS can criticize teachers?
Deserve. Don't deserve. Does it really matter when there will be no mony to pay it out? Does it suck that people were promised something that some of them won't get? Sure. Just like the employees of Enron who had their retirement fund wiped out. Life sucks and isn't fair.
Can anyone give us the other reasons why thousands more people did not desire to become politicians, but now serve as critics of that profession?
Can anyone give us the other reasons why thousands more people did not desire to become policemen, but now serve as critics of that profession?
Can anyone give us the other reasons why thousands more people did not desire to become professional football coaches, but now serve as critics of that profession?
Can anyone give us the other reasons why thousands more people did not desire to become fast-food workers, but now serve as critics of that profession?
Etc.
So, in your myopic view, only TEACHERS can criticize teachers?
I'm sorry that my intent of my comment evaded you.
The thread was about teachers and their pension rights, not about other professions.
Perhaps we can discuss those other professions in threads that are relevant to them.
Deserve. Don't deserve. Does it really matter when there will be no mony to pay it out? Does it suck that people were promised something that some of them won't get? Sure. Just like the employees of Enron who had their retirement fund wiped out. Life sucks and isn't fair.
exactly. sometimes people get screwed over through no fault of their own. happens all the time in the private sector, soon the public sector is going to feel it also.
I'm sorry that my intent of my comment evaded you.
The thread was about teachers and their pension rights, not about other professions.
Perhaps we can discuss those other professions in threads that are relevant to them.
Apparently YOU misunderstood.
My post boils down to the last line, so I will re-post it for you -
So, in your myopic view, only TEACHERS can criticize teachers?
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