Why is it that retired teachers have not gotten a raise in over twenty years and

Posted in the Dubuque Forum

1 - 1 of 1 Comments Last updated Oct 25, 2013

Chicago, IL

#1 Oct 25, 2013
Why is it that retired teachers have not gotten a raise in over twenty years and everything else goes up?Plans that I know have a COLA, Cost of Living Adjustment. No one in any field should plan to retire on just one source of income. You need to start planning early in your career by adding at least a tax deferred annuity upon which you can draw at retirement. You can also take a term life policy that will provide money in retirement. This is an addition to the state pension from being a public school teacher as well as Social Security.

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