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Started By
Message
re: 25% of the LA school budget goes to pensions.
Posted on 10/25/21 at 2:52 pm to Strannix
Posted on 10/25/21 at 2:52 pm to Strannix
I just looked at their retirement rolls, and didn't see your name anywhere.
A) You had that option available to you, and declined.
B) It's the type of job that without benefits like that, you could not afford the employees that you would require.
C) The state would be all private schools, and your post today would be about the insane cost of sending your kid to a decent school.
A) You had that option available to you, and declined.
B) It's the type of job that without benefits like that, you could not afford the employees that you would require.
C) The state would be all private schools, and your post today would be about the insane cost of sending your kid to a decent school.
0
Posted on 10/25/21 at 3:04 pm to Strannix
The pension incentives teachers who are dying to leave for other careers to stick it out ten years more than they want to.
Give them double matched 401k retirement and even a better salary. Everyone wins, state saves money long term.
Give them double matched 401k retirement and even a better salary. Everyone wins, state saves money long term.
Posted on 10/25/21 at 3:21 pm to AtlantaLSUfan
Nobody ever remembers that Bobby Jindal tried to do this. It is a better deal for the state to do pensions than it would be for the state to put in it's share of social security.
Posted on 10/25/21 at 3:45 pm to Strannix
I wouldn’t teach in a public Baton Rouge school for 300,000$ a year.
Posted on 10/25/21 at 3:46 pm to chryso
Everyone acts like state employees are getting rich off their pension. My wife is not a teacher but she is a state employee. Her pension will only pay her 6800.00 per month after taxes and insurance. Good thing she has 3 additional years of service she can add which will put it at about 7500.00 per month
This post was edited on 10/25/21 at 3:51 pm
Posted on 10/25/21 at 3:47 pm to GabeK
quote:
Her pension will only pay her 6800.00 per month
For being idle.
That's why many are underfunded or unfunded. There are faar more pressing things to a government than pay idle people.
I figure they'll come after other peoples 401k and take it to replenish pensions. It will happen.
This post was edited on 10/25/21 at 3:48 pm
Posted on 10/25/21 at 4:12 pm to Strannix
quote:
What a sweet gig it is to work 6 months a year for a few decades and get that fat check and cadillac healthcare.
Then do it
Posted on 10/25/21 at 4:14 pm to RogerTheShrubber
quote:
For being idle.
That's why many are underfunded or unfunded. There are faar more pressing things to a government than pay idle people.
Who's gonna be idle?
You do realize they pay more into their pension than you pay into social security!
Posted on 10/25/21 at 4:20 pm to jralspanky
quote:
Who's gonna be idle?
Are they working for that paycheck at the present?
Pensions are too easy targets for governments. THey'll rob the retiree to pay the current teachers.
Posted on 10/25/21 at 4:57 pm to Pintail
No joke Louisiana needs teachers, quality pending
Posted on 10/25/21 at 5:18 pm to GabeK
quote:
My wife is not a teacher but she is a state employee. Her pension will only pay her 6800.00 per month after taxes and insurance
Posted on 10/25/21 at 5:31 pm to Strannix
Teachers no longer pay into the retirement fund once they retire.
Iirc, it is 6.5% of their salary.
I say that should still be paid.
Ditto state employees.
FWIW, this would not benefit me personally, but I believe it the right thing to do.
To make things more palatable for those retirees (on a fixed retirement income), I would add .5% per year for 15 years.
For those stating to do what I suggest all at once, Each % is roughly 35 bucks a month for most. That doesn’t sound like much, but it is about $400 per year. All 6.5% at once, that is over 5 grand. With inflation, it would be asking too much imho.
However, 35 bucks per month, per state retiree, would add up quickly. Multiply that over 15 years and it would benefit the state in terms of balancing the budget.
Just my .02.
Iirc, it is 6.5% of their salary.
I say that should still be paid.
Ditto state employees.
FWIW, this would not benefit me personally, but I believe it the right thing to do.
To make things more palatable for those retirees (on a fixed retirement income), I would add .5% per year for 15 years.
For those stating to do what I suggest all at once, Each % is roughly 35 bucks a month for most. That doesn’t sound like much, but it is about $400 per year. All 6.5% at once, that is over 5 grand. With inflation, it would be asking too much imho.
However, 35 bucks per month, per state retiree, would add up quickly. Multiply that over 15 years and it would benefit the state in terms of balancing the budget.
Just my .02.
This post was edited on 10/25/21 at 5:34 pm
Posted on 10/25/21 at 5:49 pm to Strannix
It is all a matter of what the market will bear….cut out the pension and you would have to pay them 25% more salary to get anyone to do that job….
Posted on 10/25/21 at 5:50 pm to GabeK
quote:
7500.00 per month
After taxes and insurance. 90k post taxes and insurance.
Hell of a retirement.
Posted on 10/25/21 at 5:51 pm to GabeK
quote:
Her pension will only pay her 6800.00 per month after taxes and insurance.
Is this a joke? 6800 for sitting at home?
Posted on 10/25/21 at 6:02 pm to GabeK
quote:
Everyone acts like state employees are getting rich off their pension. My wife is not a teacher but she is a state employee. Her pension will only pay her 6800.00 per month after taxes and insurance. Good thing she has 3 additional years of service she can add which will put it at about 7500.00 per month
This isn’t in Louisiana.
Posted on 10/25/21 at 6:03 pm to Cosmo
No it's not a joke. It's based on salary and years of employment.
State employees pay 7.5% minimum if you started before 2006, 8% of you started after 2006
State employees pay 7.5% minimum if you started before 2006, 8% of you started after 2006
Posted on 10/25/21 at 6:04 pm to GabeK
quote:
Everyone acts like state employees are getting rich off their pension. My wife is not a teacher but she is a state employee. Her pension will only pay her 6800.00 per month after taxes and insurance. Good thing she has 3 additional years of service she can add which will put it at about 7500.00 per month
Hell sign me up for this and I'd imagine that I make more than most state employees
Posted on 10/25/21 at 6:17 pm to jimmy the leg
Yes Jimmy it's in Louisiana
Posted on 10/25/21 at 6:19 pm to Strannix
That 25% goes to fund pension debt the legislature underfunded for decades. It’s the UAL. In most states, the debt is booked at the state level, not at the school system level. In 2027-28, the UAL is retired. The legislature will then have $1.7 billion in surplus.
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