Teachers have Cadilac Pensions?
Union guy

Utica, NY

#200 Aug 11, 2014
I believe in lucrative pensions for teachers, the people doing the complaining are angry because they have no pensions or a crappy pension!
Truth

Utica, NY

#202 Aug 11, 2014
Union guy wrote:
I believe in lucrative pensions for teachers, the people doing the complaining are angry because they have no pensions or a crappy pension!
No, people are complaining because in the private sector where costs need to be controlled in order for businesses to remain viable and competitive, pensions and healthcare coverage for retirees is just too expensive given today's global economy. It's just a fact of life. It's the way the market has evolved. Why is that not the same for the public sector then? People are complaining because the public sector is insulated from the real world economy because private sector taxpayers who have adjusted to changes in the economy are made to support it.

I would like for everyone to have a comfortable retirement but it just is not possible given current economic conditions. It probably will never be again. You do understand that by supporting these pensions(and thus raising taxes) you are driving businesses away and with them jobs don't you?
Public Pension

Nedrow, NY

#203 Aug 11, 2014
I love my state pension, it beats working for the private sector with no pension, especially after 30 to 40 years of working with nothing at the end but your two left nuts!!!
Sorry Bout That

New Hartford, NY

#204 Aug 11, 2014
Public Pension wrote:
I love my state pension, it beats working for the private sector with no pension, especially after 30 to 40 years of working with nothing at the end but your two left nuts!!!
Yes, let's all lay down & go to the poor house together while the top 2% live like kings & queens. Yes, let's all lay down like good sheeple & smarten up to the fact that after working all of our lives we don't deserve a decent retirement. Boy do we have a lot of nerve, us middle classers expecting to live half way decently after working for 40 or 50 years. No, I don't want my pension. I don't deserve it. Gee, if I collect a pension I'm a parasite. I get it now. I'll just stock up on cat food, swallow my pride & accept whatever crumbs the aristocracy tosses my way.
Pass the cake.
Ed Norton

Nedrow, NY

#205 Aug 11, 2014
Get a govt. job so you can get a pension!
Truth

Utica, NY

#206 Aug 12, 2014
Sorry Bout That wrote:
<quoted text>Yes, let's all lay down & go to the poor house together while the top 2% live like kings & queens. Yes, let's all lay down like good sheeple & smarten up to the fact that after working all of our lives we don't deserve a decent retirement. Boy do we have a lot of nerve, us middle classers expecting to live half way decently after working for 40 or 50 years. No, I don't want my pension. I don't deserve it. Gee, if I collect a pension I'm a parasite. I get it now. I'll just stock up on cat food, swallow my pride & accept whatever crumbs the aristocracy tosses my way.
Pass the cake.
You present this as if it is an all or none proposition. It doesn't have to be.

The private sector has mostly transitioned to a system where the employee contributes to his or her 401k(or other company sponsored plan) and the employer makes matching or profit sharing contributions. What is wrong with a plan like that for the public sector?

The way it is now the taxpayers are paying more and more each year to support a system that benefits only some. These tax increases discourage business and allow people to keep less of what they earn. Isn't that the definition of what you said ("let's all lay down & go to the poor house together")?

If the top 2% stole money or came by it by other illegal means then take it from them and then arrest them. Prosecute them to the fullest extent of the law and put them away. But, if they came by the wealth they have legally then just leave them alone. It is their money to do with as they please. I'm not sure why you think that money that others have earned or inherited is community property. It's not.
Retired teacher

Nedrow, NY

#207 Aug 12, 2014
I love my quaranteed NYS Define Benefit Pension, it's a hell of alot better than than a 401k plan!
No 401for me

New Hartford, NY

#208 Aug 12, 2014
Retired teacher wrote:
I love my quaranteed NYS Define Benefit Pension, it's a hell of alot better than than a 401k plan!
Good thing you don't have a 401. Most of them are loaded with hidden fees (which the managers don't have to disclose to the enrolee), are poor performing & benefit not the pensioneer, but Wall St. Of course, politicians & their puppet master's on Wall St. have the public hoodwinked into thinking that these plans are the best thing since sliced bread. They're for suckers who don't have any say in the matter. Most people are far better off with a Roth IRA. At least you can pick you're own investment plan.
Big Dave

Nedrow, NY

#209 Aug 12, 2014
I have a Teacher Pension and I receive $70,000 per year pension not including social security! There is no way I could get the same results with a crappy 401k plan!
The economist

Rome, NY

#210 Aug 13, 2014
One of the caveats of teaching is getting a great pension, so what's wrong with this incentive, to get the best you have to make it enticing, that's how capitalism works!
Truth

Utica, NY

#211 Aug 13, 2014
The economist wrote:
One of the caveats of teaching is getting a great pension, so what's wrong with this incentive, to get the best you have to make it enticing, that's how capitalism works!
The problem is the cost and the mechanism for paying that cost. Through ever increasing taxes each year, the cost is borne mostly by private sector taxpayers. Those are private sector taxpayers who for the most part are not eligible for such benefits because in the real world private sector businesses have to hold down costs to be competitive unlike their public sector counterparts.

It's a myth that the NYS Pension system is self-sustaining or that the public sector employees support the system. If that were true then the system would fail in very short order. There are line items in every state, county, town, village, hamlet and school budget for the contribution of the taxpayers to the system.
Truth

Utica, NY

#212 Aug 13, 2014
No 401for me wrote:
<quoted text>Good thing you don't have a 401. Most of them are loaded with hidden fees (which the managers don't have to disclose to the enrolee), are poor performing & benefit not the pensioneer, but Wall St. Of course, politicians & their puppet master's on Wall St. have the public hoodwinked into thinking that these plans are the best thing since sliced bread. They're for suckers who don't have any say in the matter. Most people are far better off with a Roth IRA. At least you can pick you're own investment plan.
The clueless icon just doesn't seem adequate for this comment.
Truth

Utica, NY

#213 Aug 13, 2014
Retired teacher wrote:
I love my quaranteed NYS Define Benefit Pension, it's a hell of alot better than than a 401k plan!
Of course you think that. You didn't pay for most of it.
noooo

Whitesboro, NY

#214 Aug 13, 2014
no to teachers pensions. they got it made, work 9 months, do squat, some just talk and bitch with no homework. no to pensions
civil service

Kirkville, NY

#215 Aug 13, 2014
Union guy wrote:
I believe in lucrative pensions for teachers, the people doing the complaining are angry because they have no pensions or a crappy pension!
You are so right! all of these people have never made anything of themselves, they have never achieved anything at all, most of them have been total failures all of their lives, working for minimum wages at the burger joints or conven stores, so they are jealous of those who by hard work and education have earned pensions and are comfortable! let them piss and moan who cares about these bums anyway, I think its funny! maybe if they had gotten off of their lazy butts they wouldnt be living on 8.00 an hour.
civil service

Kirkville, NY

#216 Aug 13, 2014
noooo wrote:
no to teachers pensions. they got it made, work 9 months, do squat, some just talk and bitch with no homework. no to pensions
Go back to school and get a degree and maybe you can get hired as a teacher somewhere, and then instead of working at k mart for 8 bucks an hour you too can earn a pension someday! you are not going to get anywhere by staying a k mart and complaining! You have to get off of your fat pimpled butt and take action you bum.
Truth

Utica, NY

#217 Aug 13, 2014
civil service wrote:
<quoted text>
You are so right! all of these people have never made anything of themselves, they have never achieved anything at all, most of them have been total failures all of their lives, working for minimum wages at the burger joints or conven stores, so they are jealous of those who by hard work and education have earned pensions and are comfortable! let them piss and moan who cares about these bums anyway, I think its funny! maybe if they had gotten off of their lazy butts they wouldnt be living on 8.00 an hour.
Why is it you think that just because one disagrees with the way the NYS pension system works that they must be unsuccessful and that the disagreement stems from envy? I can assure you that is not the case. I'm not jealous. I'm fed up with the entitlement mentality that ignores real world economic forces.

Let me ask this. Why should private sector workers( a category of workers that covers more than those who work at burger joints and convenience stores) be forced to pay for public sector benefits that so far exceed anything in the private sector in many cases?

You are hugely mistaken if you believe that the only people fed up with public sector benefits are undereducated service industry workers.
Truth

Utica, NY

#218 Aug 13, 2014
civil service wrote:
<quoted text>
Go back to school and get a degree and maybe you can get hired as a teacher somewhere, and then instead of working at k mart for 8 bucks an hour you too can earn a pension someday! you are not going to get anywhere by staying a k mart and complaining! You have to get off of your fat pimpled butt and take action you bum.
What makes you think that many of the people who don't agree with you don't have degrees and jobs that pay well? Why do you assume that? I can assure you it isn't true but I'm just curious why you make that assumption.
taxpayer

Fulton, IN

#219 Aug 13, 2014
Teachers should be drug tested! There are a few good ones out there but they are very few and far apart! Most just take the job to get all the benefits! And they only are interrested in the extremely smart because they think they are the reason the smart kids are the way they are!
Drug Test

Clifton Park, NY

#220 Aug 13, 2014
taxpayer wrote:
Teachers should be drug tested! There are a few good ones out there but they are very few and far apart! Most just take the job to get all the benefits! And they only are interrested in the extremely smart because they think they are the reason the smart kids are the way they are!
It's amazing that a guy who stocks shelves at Walmart is required to take a drug test but people who teach children aren't.

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