The Teacher Retirement System

[oktx]

Your bride has 33 years in and wants to keep on working? How about she retires and let an up and coming teacher have a job. If her benefits changed from her day of hire to now then she needs to discuss that with her union rep..

I retired from a P.D. earning 62 1/2% of my last 5 years not my best 5 years. I was in plain clothes so I worked a lot of OT and built my retirement up. I was smart and invested and now make it by. I did NOT pay into SS so I don't collect it and have to pay a monthly fee for medicare insurance.

I see teachers roam around during the summer months and getting paid makes me scratch my head. I believe that workers should get paid for every hour they work. My thoughts are to put in a time clock at school. Then you get paid while working.

My wife was a nurse and at the hospital that she was at did not provide a pension so she was self invested. When she retired she drew her SS and never touched her investments. Combined we did OK. Now she is gone as cancer stole her from me. After a time I contacted our investment guy and told him I wanted something out of every account every month.

People need to smarten up, invest, save and spend wisely.

Teachers usually get paid on a 10 month contract, which is paid out over 12 months. So they aren’t really aren’t “roaming around” during the summer getting paid.

[DRT]

[quote=Box-R;15738858]

Sucks.

Just looked at my wife's numbers. After 33 years completed she would only get 76% of her high 5 years average. Each additional year she can only gain 2.3%. So she would have to teach another 11 years to get what her high 5 salary average is now.

It's no wonder so few young people want to be or stay at teaching.





Wow, I thought the 'entitlement' mentality was usually attributed to millenials.

76% is a ****ed good percentage... stop whining.

Glad you think 76% is good. I don't. I got 94% after 30 years. That's a good number.

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[DRT]

Teachers usually get paid on a 10 month contract, which is paid out over 12 months. So they aren’t really aren’t “roaming around” during the summer getting paid.

Correct. They get paid for 183 contract days.
Each teacher does 40 plus hours every summer of continuing education as well. Not to mention training on new curriculum and interviews (as observers) for new teacher.
They aren't just free and clear for summer or any of the breaks.
As a matter of fact many teachers have to use their personal days during the school year to stay home, or even go to the school to do, required work. Just so they can get a substitute teacher in to teach the lessons while they catch up on reading folders or meet with the special education people for a student in need or filling out forms so a dyslexic student can get tested and helped or . . .
If my wife takes off a day to take me for a surgery she spends the whole day working on school work inbthe waiting room and at the house while I sleep. Working on her paid day off.
Teachers give a whole lot more than they get paid for.

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[Jon Stewart]

DRT, not picking on you or your bride but she knew all this when she took the job, correct? I knew what I was getting and the benefits that I was getting when I took my job. To complain about it nearing retirement is questionable at best.

Now if benefits changed from start to finish then she needs to take this up with her UNION. She also has the chance to work fill in at various schools at $75.00 a day on top of her retirement pay and SS payments. That's not a bad gig in itself. I turned down several jobs after I retired including the investigators job at the prosecutors office at a very good pay rate but I did not retire to go back to work. My contract allowed me to retire at age 50 with 25 years of service and I did so 21 years ago. I have not complained one bit because I knew what I was getting as my wife and I invested and saved.

[happy bowhunter]

I have been paying in 25 years and still going,no complaints

[rvd]

[quote=DRT;15739147]

Glad you think 76% is good. I don't. I got 94% after 30 years. That's a good number.

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I think the point you're missing is that 76% is far more than what most people get for retirement. Most teachers pay in about $100,000 total to trs and then get to draw around $1,000,000 if they live 20-30 years after they retire. That seems like a real win for teachers to me but it can be a loss to you and I'll still be ok