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Its not that one teacher is sitting fat. Its that all teachers both current and retired are receiving paychecks which are not sustainable in the long term. Co
by rukittenme 8y ago
Its not that one teacher is sitting fat. Its that all teachers both current and retired are receiving paychecks which are not sustainable in the long term.
Consider a scenario where there are two retired teachers for every working teacher. To the working teacher they are underpaid. To the voters they are overpaid. The problem lies in the middle. If you stopped paying retired teachers you could triple the salaries of working teachers. Both parties would be satisfied with this arrangement.
Of course retired teachers would hate this and rightfully so. They were promised a pension and now you're denying it to them.
It calls into question the structure of compensation. Throw their money into a 401k rather than giving them 80-100% pay for the rest of their lives.