The protest by more than 10,000 state teachers and employees last Monday was not enough to keep two dozen members of the House Appropriations Committee from approving major changes to their pensions Friday. The committee voted to increase contributions for all employees, reduce the amount of benefits for new hires, raise retirement ages and length of service, cap cost-of-living adjustments, and add a pension fee for local governments.
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2 comments:
How nice of them to do this for us. Looking out for us. Controlling pension costs that are completely out of touch with reality. Sort of like their OWN pension plans, which THEY set in place and are completely untouchable by "we, the people". THERE'S where you'll find some really eye-popping benefits, far beyond, and I mean FAR beyond anything the serfs have...they run their mouth loudly about UNION and TEACHER benefits. HA!!! Their bennnies look pale in comparison!! When will they start reducing THEIR pension plans? Raising the service time requirements? making THEMSELVES pay for their pension costs? I know....the kings and queens HAVE to be rewarded with SPECIAL things...only the peasants and serfs must sacrifice to correct the wrong that the kings and queens have imposed upon the kingdom.
I'm a teacher and I am OK with most of these things except the cap on cost of living and putting any of the cost of the pensions on the local governments. If they didn't raid the fund over the years everything would be fine. They had to know the Baby Boomers would all be retiring soon.
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