DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
37 comments:
Shouldn't teachers contribute to their own retirement?
They do. A portion of each check is taken and put into the pension fund.
Government pensions should end this is ridiculous.
They do contribute, it's taken directly from their paycheck. What was the intent of sharing this information? To suggest that teachers should receive less?
8:14, Absolutely Not. We are simply showing the county residents what it is and will be costing them down the road. Something your Main Stream Media refuses to touch on, education and the cost behind it.
It also educates the public as to ANY more requests and demands that might be brought forth in the future in which people are supposed to be sympathetic WITHOUT being educated on expenses and or securities first.
It's too much. Most people in the private sector do not receive this generous support. A new system needs to be implements because this is "unsustainable".
What percentage is taking from their check vs the amount the state and local gov't pay? I have to pay 100% of my retirement.
Exactly, 8:40. I count myself as lucky that the company matches up to 5% of my paycheck.
Get a better job then. State jobs work the same way, welcome to the public sector.
Pension is the only reason there are enough teachers. People do not choose to teach any more because of the "reward". Too much governmental intrusion BS and too many spoiled, obnoxious, snowflake "students" that have taken the fun out of it. Not to mention incompetent administrators that are not driven out of the system.
A deal is a deal; a contract is a contract. Are you suggesting a signed deal/contract be ignored?
8:40 AM - You're not a union member.
Anon 8:31 Then what do you suggest is enough. I am not a teacher. I am however a parent with kids trying to get an education and sick of my kids being disrupted by kids sent to school so teachers can babysit them. Our schools are full of kids who could care less about learning. What has happened?
I would never teach in a state that does not give its citizens the right to work without forced union membership such as MD
9:04, IF you are talking to me personally, I am not suggesting anything, just educating the public.
However, I will say this. I'm sure if the public was made aware in advance what they are subjected to in the contract you mention they'd feel very different about what's to come in the future. Oh, let me sound like a Liberal for a minute. I'll bet our economy was a LOT better when the contract was signed to begin with. Yeah, I know, we're SUCKERS and a contract is a contract, we get it.
So many things to say and I do not even know where to begin. Good teachers are worth more they they are compensated. Quality teachers could easily find other jobs and probably take some from those complaining on this blog. But then I also understand why people are upset and complaining. Ultimately, comes down to the progressive approach to education. Get the politics out and let educators educate and I do not think there would be any issues with amount of pay.
Again, please read what you write and think about what you are saying. It's not "I could care less" (think about it, that doesn't even make sense. That phrase actually says that you care...to a degree). The phrase is "I COULDN'T care less". That implies you don't care at all.
Please post the costs for LEO pensions and county employees too. How many pensions does Limelight Lewis collect?
LOL, Joe that is such an infantile argument. The economy was much better when they signed the contract? Tell that to a lender regarding your mortgage payment.
Public school education is so poor now that with out some type of college degree American children can't even get American jobs. They are given to third world country college educated immigrants.
1004
The so-called "lenders" never had the money to begin with!
They no longer lend a person someone else' money which is deposited.
The Bankers work under FRACTIONAL RESERVE BANKING SYSTEM.
They have only a fraction of the loans in their banks.
The money they pretend to "loan" a person is created out of thin air with the "promise to pay" signature.
Time for a Seinfeld deal, "No soup for you", or in this case, "No Pension for you".
A contract is a contract and cannot be reneged upon. It is not the teachers fault for having such a lucrative pension or healthcare benefits - it's the state/county's fault for offering it in the first place without understanding the long-term liabilities.
Keep in mind, many teachers will spend more time in retirement collecting pension benefits than they will working to earn those benefits. So, not only do tax payers have the burden of meeting current salaries, they also have the burden to pay benefits well into the future.
The state and county must keep this in mind the next time benefit contracts are negotiated.
They deserve every penny....especially having to deal with the baby wanna be thugs everyday......maybe they will live to collect it!!!
I'm a teacher and under the O'Malley administration they decided to phase out the corridor whereby the State was tasked with the pension cost. Now - they have passed down the pension cost to each locality and this is having severe financial implications for all of the counties.
I can tell by the County government share that this is simply unsustainable. Something will have to give very soon.
7:48 is correct.
But there is more. O'Malley and cronies mismanaged the state pension system to the detriment of the state and the covered employees.
When the situation came to light, they crafted several band aids. Teacher contributions were increased (other state pension workers also IIRC). Vesting period was doubled from 5 to 10 years, meaning an employee leaving before ten years of service completed gets no pension at retirement age; they get a refund of their out-of-paycheck contributions only.
And as noted, they downloaded responsibility for part of the future pension costs onto the counties and school boards.
At retirement age, the payout for a long service employee is modest; formula takes income and years of service into account.
Most retirees are not eligible to keep their health care in retirement; plan was changed some years back so only a declining number of employees qualify.
Just the facts.
To Just the facts:
Fact: The social security portion on each school teacher's salary (6.65%)used to be paid by the State. But that changed a number of years ago when Matt Creamer was the County Administrator. The State passed down the social security portion that was previously paid by the State onto each County.
We are experiencing the results as most of all of our County or local budgets are being consumed by entitlement costs. That's why Baltimore is so deteriorated - and once you get a few blocks from the Inner Harbor everything looks like He_ _. Most 3rd world countries look better than inner city Baltimore.
I don't see where all of the extra county pension money is going to come from.
Maybe I'm a being little nonchalant, but don't people realize the enormity of these numbers. This is not like dealing with thousands of dollars - but millions! I agree with one of the above posters, the condition is unsustainable.
Must not be to good of a pension, so many 'retired' teachers come back and take on daily or long term sub positions. My employer matches some, but ultimately, it is my responsibility to ensure my retirement is funded.
Unsustainable. The county pension bailout cannot continue because Wicomico, among many of the other easternshore counties, simply doesn't have enough 'gas in the tank' to enhance its GDP. Annapolis (MD General Assembly) has all but sealed the fate for any substantive economic recovery.
Anyone who thinks teachers are overpaid should look at the pay that other government employees, especially state government, get. Teachers are not at the top of the list (and far from it).
Please ID the actual source of the data, and a link to it if available.
To 5:49 Source - Why don't you just Google it, its there. Insert into search field 'Maryland abandons Corridor pension funding methodology'.
7:33 The Maryland General assembly passed another bill that allows retired teachers to retire and then come back into the MD teaching profession.
To 8:03:
If you know where the actual data can be found online, how about posting the link.
To 10:06 - Why don't you do your own research? You are most likely just another DT reporter trying to dovetail on SBYnews.
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