Quote:
Originally Posted by CTSurfrat
If a teacher earns 100k year after 35 years of teaching, then yes he/she will have a pension of 70k. Most teachers don't make that kind of money! In 2006-2007 year average ct teacher salary was about 61k.
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Exactly, I know there are some exceptions like high paid administrators, but our friend Jim would have everyone believe that these people all earn a pension close to what their salary is, and that simply is not the case. Also in many cases these people are paying large payments for health insurance in their retirement.
Is the pension system out of control and costly , sure but what is the cheaper alternative. If they instituted 401k plans, than the employer would no doubt end up with a matching contribution of some sort. This would be a taxpayer cost. Also I believe these teachers would also then have to pay into SSi, as would their employer, and they would then receive benefits , another taxpayer cost.
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