Maryland's General Assembly is poised to make the deepest cuts to the state's retirement system in nearly three decades, asking most of the roughly 170,000 teachers and government employees to pay more into a pension plan that is about to become less generous.
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My wife is a school teacher and I really don't have a problem with her paying more into her pension at all. My problem is that she is going to be paying more into the pension for a retirement that is abysmal. Here she will work 30 years and only get something like 40%! That's ridiclious.
ReplyDeleteMy wife is a teacher too. She will have benefits at a group rate. What private company offers this anymore? She has a pension. Same question. She can also contribute to a 401k plan like most of us ONLY have. And, most people CAN'T retire after 30 years. They have to work until age 70 or so. So, I'm happy with this. 8:57, get over it!
ReplyDelete40%??? Poor baby. I will never retire even tho I contribute 5% of my paycheck to my 401K. You state workers need to get real
ReplyDeleteYulp! It has been to long coming! Our State is going to go broke if sonething isn't done.
ReplyDeleteStop the wimpering, join the real world out here!!! Be thankful you have what you will get.