UCSD Teacher Retirements

UCSD Teacher Retirements

Posted in the Utica Forum

Truth

Utica, NY

#1 Apr 24, 2013
According to an OD article this morning 17 teachers have opted to take a $14,000 retirement incentive. Those teachers are listed along with their years of service.

How do teachers with 13 or 14 years of service qualify for retirement and retirement incentives?

Isn't it also true that retired teachers continue to cost the taxpayers money even after they are gone? The UCSD gives them healthcare coverage in retirement in addition to a New York State tax exempt pension benefit for as long as they live.

The difference between what the pension fund makes in return on its' investments and what it is needed as projected by its' administrators to be sustained over the long haul has to be made up by taxpayers. Having more teachers retire, collect a pension benefit and recieve taxpayer funded healthcare then, hiring teachers to replace them will cost more in the end won't it?

I'm really interested to know how teachers with 13 or 14 years of service qualify though. Anyone know?
MVP

West Hartford, CT

#2 Apr 24, 2013
As long as they are of age they can retire. Some people went into teaching late. Only those with 10 or more years get an insurance benefit. Their pension is aligned with years in the NYSRS. I though though retirements were going to be left unfilled when possible to help pay for the extra administrative assistants.
Truth

Utica, NY

#3 Apr 24, 2013
MVP wrote:
As long as they are of age they can retire. Some people went into teaching late. Only those with 10 or more years get an insurance benefit. Their pension is aligned with years in the NYSRS. I though though retirements were going to be left unfilled when possible to help pay for the extra administrative assistants.
So, any teacher who works for the district for 10 or more years and is at retirement age qualifies for this $14K incentive and life long pension benefits as well as healthcare?

Pay for more administrative assistants?

Wow. No wonder the district is broke and constantly raising taxes. What a racket. Whenever I hear hear a teacher, adminsitrator or teacher union official say "it's for the children" or "it'll hurt the children" I throw up in my mouth.
Knows

Albany, NY

#4 Apr 24, 2013
Truth- your info is wrong. The teachers retirement fund is solvent and it will be for years to come. The taxpayers will not pick up the difference.
Lady

New Hartford, NY

#5 Apr 24, 2013
Knows wrote:
Truth- your info is wrong. The teachers retirement fund is solvent and it will be for years to come. The taxpayers will not pick up the difference.
Note:
Employees pay for their own premium of health insurance.
Bottom line

Glenfield, NY

#6 Apr 24, 2013
Most likely the O-D listed their years working in Utica, not the total years working as a teacher.
Truth

Utica, NY

#7 Apr 24, 2013
Knows wrote:
Truth- your info is wrong. The teachers retirement fund is solvent and it will be for years to come. The taxpayers will not pick up the difference.
No, it is you that is mistaken. The taxpayers do pick up the difference. The fund relies on employer (that is the taxpayer) contributions to be sustained and stay solvent. Since the economic problems that started in 2008 the employer (taxpayer) contribution to the pension fund has increased. Please take a look at this from the OD and substitute the word taxpayer for employer because that is where the money comes from:

"The expected rise to 16.25 percent in the employer contribution rates for the Teachersí Retirement System is the highest itís been since the 1980s, according to the state Teachersí Retirement System. The exact rate will be finalized in July.

One of the reasons for the continued rise in rates is a substantial financial market loss in 2008-09, experts said.

With the loss in investment rates and continued market pressure, the employer contribution rate is expected to rise until the 2015-16 fiscal year."

http://www.uticaod.com/news/x171163434/Kickin...

So no, the teacher's pension system is not solvent without continued and increasing taxpayer support.
Truth

Utica, NY

#8 Apr 24, 2013
Lady wrote:
<quoted text>
Note:
Employees pay for their own premium of health insurance.
Not true. They pay only a portion of the total premium. The cost is subsidized by the taxpayers and it costs plenty.

http://www.uticaod.com/news/x231950137/New-Ut...

"When the Utica Board of Education approved retiree health-care benefits for a large group of teachers 16 months ago, it had no idea what the added burden to taxpayers might be.

Now, officials do know ó and the price tag is staggering."

You people really need to stop getting your information from your union newsletter.
Truth

Utica, NY

#9 Apr 24, 2013
Bottom line wrote:
Most likely the O-D listed their years working in Utica, not the total years working as a teacher.
That is true but it is the Utica City School District they are retireing from and it is the Utica taxpayers who are footing the bill at least for the healthcare portion. Not all districts have that benefit and it is not a standard part of teacher retirement.
Truth

Utica, NY

#10 Apr 24, 2013
Knows wrote:
Truth- your info is wrong. The teachers retirement fund is solvent and it will be for years to come. The taxpayers will not pick up the difference.
Go to Google or Bing and key-in:
new york teacher pension costs

You would have to agree that is not a "slanted" search.

The results will confirm from any number of sources what I say is true and refute what you have stated here.
slash the pension

United States

#11 Apr 24, 2013
I hope to see their pensions seized for a period of time then slashed. Yes, those pensions can be slashed, modified or even revoked.
Related to teachers

Brooklyn, NY

#12 Apr 24, 2013
Truth wrote:
<quoted text>
So, any teacher who works for the district for 10 or more years and is at retirement age qualifies for this $14K incentive and life long pension benefits as well as healthcare?
Pay for more administrative assistants?
Wow. No wonder the district is broke and constantly raising taxes. What a racket. Whenever I hear hear a teacher, adminsitrator or teacher union official say "it's for the children" or "it'll hurt the children" I throw up in my mouth.
Retired teachers pay for the healthcare. Nothing is free. Stop attacking people. We all own our own decisions. They chose teaching. Paid for the education and did their job. Unless you have taught, you will never understand what they do. They also pay taxes too. And several of those retirements are due to health issues and they are being punished for retiring early. They would rather teach, then slowly die of the diseases they have, but that is not in the cards they have been dealt. Leave them alone!!!
Related to teachers

Brooklyn, NY

#13 Apr 24, 2013
Truth wrote:
<quoted text>
That is true but it is the Utica City School District they are retireing from and it is the Utica taxpayers who are footing the bill at least for the healthcare portion. Not all districts have that benefit and it is not a standard part of teacher retirement.
All the local districts have healthcare for retirees in some way. Utica was the only one that didn't.
Truth

Utica, NY

#14 Apr 25, 2013
Related to teachers wrote:
<quoted text>
Retired teachers pay for the healthcare. Nothing is free. Stop attacking people. We all own our own decisions. They chose teaching. Paid for the education and did their job. Unless you have taught, you will never understand what they do. They also pay taxes too. And several of those retirements are due to health issues and they are being punished for retiring early. They would rather teach, then slowly die of the diseases they have, but that is not in the cards they have been dealt. Leave them alone!!!
This is the same response we get over and over again. If you can't refute the message then attack the messenger and add emotion to the discussion to distract from the facts. Very typical.

Get this straight. No one hates teachers. Teachers perform a valuable service and I'm sure most work hard. But, most people performa a valuable service and work hard. Most have educated themselves in order to perform in the profession they've chosen. The inequity in this is that teachers seem to be a slect group who are immune to economic downturns and get pension and healthcare benefits above and beyond what most hard working, educated, taxpaying people in the private sector (you know, the people actually footing the bill for all of this) can expect.

Teachers pay a very small portion of what the health care premium actually costs. Private sector workers also pay for healtcare and the vast majority pay much more of the annual premiums and have higher co-pays than public sector union workers like teachers.

Facts are facts. Don't try to obscure the facts with emotion and oh by the way, there are plenty of people in the private sector who have to retire early for health reasons and the truth is that they are much less prepared to deal with that on average than a taxpayer subsidized teacher.
Truth

Utica, NY

#15 Apr 25, 2013
Related to teachers wrote:
<quoted text>
All the local districts have healthcare for retirees in some way. Utica was the only one that didn't.
All of them? Are you sure of that?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Utica Discussions

Title Updated Last By Comments
Not All Nazis Are Bad 8 min WW II Ones Were 34
Let's tear down Martin Luther King's statue 13 min Claryce Mellerop 68
Looking for best place to meet gay males 19 min MUDSHARK 2 3
Whats with samantha colossimo testa again 26 min Utica resident 1
Who is funding the Aud renovations? 31 min Oh Well 500
bn SHEBOON APES TIP OVER CONFEDERATE STATUE 39 min MUDSHARKS 0 IQ 16
Hillary 2020 41 min Council 6
Who remembers - Leather bottle, Friar's Inn, Bo... (Aug '08) 1 hr Uncle Warren 244
Stay Away from these Contractors 1 hr MUDSHARKS 0 IQ 32

Utica Jobs

More from around the web

Personal Finance

Utica Mortgages