Quote:
Originally Posted by waynet
Donna, I will write this again....Teachers pay in to their own retirement at 6% per year. This money is then invested. It is out of this investment that teachers retirement is paid. The cost of teachers pensions to the state is ZERO.
I don't know why you insist on comparing pension plans to S.Security. There is none.
Maybe instead of worrying about teachers you should look at WAll Street.
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And I'm telling to again that the pension money is underwater and they expect the taxpayer to pay. Teacher's money is paid by the taxpayers. When you win the million dollar lottery in this state, they give you $50,000 a year before taxes for 20 years. Are you telling me that you have over 1 million in your pension account under your name? So, everybody who became a teacher hit the lottery? Why should social security people eat dog food while the teachers eat filet mignon? After all, all the money originally came from the taxpayers.