Should teacher pensions be grandfathe...

Should teacher pensions be grandfathered?

Created by PSERS on Dec 17, 2012

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PSERS

Latrobe, PA

#1 Dec 17, 2012
Public pensions are like paper currencies: They work well when managed by principled fiscally responsible people, if you can find them, but are vulnerable to political decisions to boost spending, cut income, and leave the program unsustainable for future generations. Santa Ridge the state legislature and Fast Eddie are all to blame. Ridge gave the teachers a 25 % increase and Fast Eddie just kicked the can down the road.

We need major pension reform !
Truth

Uniontown, PA

#2 Dec 17, 2012
Though I have no great love for Mr. Ridge or Mr. Rendell, it was the state legislature that gave the teachers and other state employees a 25% pension hike... to cover their own even more outragous 50% pension hike!

Since: Dec 12

Pittsburgh, PA

#3 Dec 17, 2012
The fact that we keep dicussing Teachers in this state like they are "god like" people sickens me. They are public service employees whose jobs are to teach kids, period. But it seems like the business they are really in is being a leech on the taxpayers of the state, and getting as much as they can. Schools are a cost center, not a profit center. Common sense tells you that, but common sense is not admired in our society. They need to be careful what they wish for, you can't get blood out of a stone, and the well will run dry. They have no clue what it's like to work all year, long hours to earn a paycheck that is 50% of theirs. It's sad that there are some good ones out there, but most that I know of.. Pathetic. Contracts... I never had one and don't need one. I use my talent, skills, and work ethic to continue my career. I am on my way out of this state, much due to getting taxed to death by school districts/unions. And there are many waiting to follow.
Taxpayer Revolution

Latrobe, PA

#4 Dec 18, 2012
There is going to be a taxpayer revolution in PA with regard to funding public pensions. Why should taxpayers shoulder market risk for PA teachers who have the most lucrative public sector pension in the US, with the exception of the PA state legislature and judges !
Kelly

Latrobe, PA

#5 Dec 18, 2012
We need a governor and a legislature with the guts to have a constitutional convention to reduce the pensions for current teachers and adopt a 403 b plan after grandfathering the current pension system. Some states are even going after retired teachers and reducing benefits. The rationale is do you want a reduced pension or no pension if we go bankrupt.
Bozo the clown

Marion, IL

#6 Dec 18, 2012
YES
Fred

Latrobe, PA

#7 Dec 19, 2012
Kelly wrote:
We need a governor and a legislature with the guts to have a constitutional convention to reduce the pensions for current teachers and adopt a 403 b plan after grandfathering the current pension system. Some states are even going after retired teachers and reducing benefits. The rationale is do you want a reduced pension or no pension if we go bankrupt.
This will never happen in PA. The PSEA lobby owns 85 % of the state legislature.
Simon

Latrobe, PA

#8 Dec 19, 2012
Lucrative public pensions are siphoning off money that can be spent providing public services. Government entities now have to budget for vagaries in stock market performance to pay for losses in public pensions.
An Observation

Uniontown, PA

#9 Dec 19, 2012
Simon wrote:
Government entities now have to budget for vagaries in stock market performance to pay for losses in public pensions.
Yet it was to those same markets' tender mercies that the GOP wished to commit the future of our retired elderly on Social Security... with no governmental entity to compensate for their "vagaries;" interesting, no?

And yet those same Republican politicians laud charitable Christian values... as long as they don't have to practice them in their governance, apparently!
403 B plan

Latrobe, PA

#10 Dec 20, 2012
The Commonwealth can not sustain the overly generous defined benefit program PSERS. Grandfathering the existing plan and replacing it with a 403 b defined contribution plan is one part of the solution!
A Warning

Uniontown, PA

#11 Dec 20, 2012
Yep, continue to dismantle the American middle class by assaulting one of the primary forces in building it: unions! It was the union worker that won the eight-hour day and five-day week, as well as health and retirement benefits. Wanna give it all back, azzwipe?

Since: Dec 12

Pittsburgh, PA

#13 Dec 21, 2012
Unions building the middle class? Wow, drinking the kool aid straight from the bottle. Unions were a good thing, and needed back before you had Labor laws. Those laws are now on the Federal Books, but they continue to sell their BS. Tell me what a union does for you. You pay them a hefty fee every month so they can "represent you". Which basically means they try to strong arm the business owner (who keeps you employed, therefore builds the middle class) into paying more, and giving more and more until he shuts down because he can't afford you anymore. Who wins? They do. It creates a huge imbalance in salary structure. You really think a public servant Trolley Driver with no education who just sits there 8 hrs a day should be making 40% more than someone who works 10 hrs a day actually using their skills, and helping others….? Very vague example, but I could go on. Not to mention the ceiling they put on your career, and how time spent in a position means more than work ethic than skill… Please… that is perfect for the Sheeple…

Private sector unions are one thing, but Public Sector Unions are just a slap in the face of every taxpayer. So you think it is right that a group of people negotiate behind closed doors, how much of my taxpayer money should go to teachers, who greedily think they expect more every year, then hike my taxes to cover it? Pittsburgh is on a path to reality, and we can only pray for better leadership..

People are getting sick of it and it is showing. Look how many states are turning "right to work" states. They know it's not feasible to support such a system. It's basic arithmetic, and common sense. And the more people that move out of this state, the less they have to feed their spending addiction. But don't worry, your union will work out deal, for them. While you are collecting unemployment.. Oh wait, that is my tax money too…
You are a waste of skin

Uniontown, PA

#14 Dec 23, 2012
Wow, what complete, unmitigated, unadulterated and utter BULLSH*T!!! And I not a union member, by the way.

Since: Dec 12

Pittsburgh, PA

#15 Dec 23, 2012
You are a waste of skin wrote:
Wow, what complete, unmitigated, unadulterated and utter BULLSH*T!!! And I not a union member, by the way.
No, but naive. Let me know how that works out for you
You are a waste of skin

Uniontown, PA

#16 Dec 24, 2012
Quite well, actually, for it was my brand of naïveté that created the fabled American middle class, central to a strong American democracy. It is your conservative naïveté that is exploited by the GOP to dismantle that democracy in favor of a plutocracy that will transform the US into a nation of haves exploiting an underclass of have-nots, racing toward third-place in a future to be dominated by your new eastern world order dominated by the Chinese and Indians!

Good save America from your loathsome ilk!
Transparent Negotiations

Latrobe, PA

#17 Dec 27, 2012
The terms of negotiation should be transparent to taxpayers. Teacher union negotiations should be publicized.
An Observation

Uniontown, PA

#18 Dec 27, 2012
Works for me, but better yet, put the final approval up to a public vote.
Rhode Island

Latrobe, PA

#21 Jan 7, 2013
Rhode Island grandfathered teacher pensions and went to a 403 b plan. It will be in litigation for years.
teachers

Greensburg, PA

#22 Jan 7, 2013
Get rid of the unions and hold teachers accountable!!! There is NO reason why a GYM teacher in the Norwin SD should be making over 80k a year with full benefits and pension!!

No wonder the US is falling behind other countries. Hell, even POLAND has a better education system than we do.
Rhode Island

Latrobe, PA

#24 Jan 11, 2013
Rhode Island teachers took a substantial cut in their pensions. The AFT affiliate is suing the state.

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